US House Republicans unveil new fiscal cliff offer

By REUTERS
December 3, 2012 22:51

WASHINGTON - US House of Representatives Republican leaders on Monday called for $2.2 trillion in new deficit-reduction over 10 years in their latest effort to avert an end-of-year fiscal cliff.

When counting deficit reductions enacted last year and anticipated savings from winding down the wars in Iraq and Afghanistan, the package would amount to $4.6 trillion in savings over a decade, according to House Republicans.

House Speaker John Boehner and six other House Republican leaders made the offer in a letter to President Barack Obama.


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