BREAKING NEWS

Source: Obama not making new fiscal cliff offer to Congress

WASHINGTON - US President Barack Obama was not planning to make a new offer to avert the tax hikes and spending cuts that loom on Jan. 1 at a White House meeting with congressional leaders on Friday, a source familiar with the meeting said.
At the meeting, Obama was set to ask lawmakers to hold a vote on a plan that would allow taxes to rise on those who earn $250,000 and up, and that would extend unemployment insurance benefits, according to the source.
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