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Dec 22, 2012

The sinking of ‘Plan B’; the US ‘fiscal cliff’ disaster of John Boehner

WASHINGTON, Dec 22 (Reuters) – Had there been a vote on
Republican House Speaker John Boehner’s “Plan B” to avert the
so-called U.S. fiscal cliff on Thursday night, it would not have
been close. He was probably 40 to 50 votes short of the number
he needed to avoid a humiliating defeat at the hands of his own
party, according to rough estimates from Republican members of
Congress and staff members.

It was not for lack of effort. Boehner and his two top
deputies, Eric Cantor and Kevin McCarthy, along with other House
Republican leaders, tried for three days to muster support for
the measure, which would have cut government spending and raised
taxes on millionaires to head off across-the-board tax hikes and
spending cuts set for January.

Dec 22, 2012

The sinking of “Plan B”; the U.S. “fiscal cliff” disaster of John Boehner

WASHINGTON (Reuters) – Had there been a vote on Republican House Speaker John Boehner’s “Plan B” to avert the so-called U.S. fiscal cliff on Thursday night, it would not have been close. He was probably 40 to 50 votes short of the number he needed to avoid a humiliating defeat at the hands of his own party, according to rough estimates from Republican members of Congress and staff members.

It was not for lack of effort. Boehner and his two top deputies, Eric Cantor and Kevin McCarthy, along with other House Republican leaders, tried for three days to muster support for the measure, which would have cut government spending and raised taxes on millionaires to head off across-the-board tax hikes and spending cuts set for January.

Dec 22, 2012

Six ways the US ‘fiscal cliff’ crisis could end

WASHINGTON, Dec 21 (Reuters) – So what now?

The U.S. House of Representatives’ rejection of a bill to
raise taxes on just 0.18 percent of Americans – those making
more than $1 million a year – has raised questions about the
Republican-led chamber’s ability to approve any plan to avert
the looming “fiscal cliff.”

Unless President Barack Obama and the U.S. Congress can
forge a deal during the Christmas and New Year’s holiday season,
the largest economy in the world could be thrust back into a
recession because of the steep across-the-board government tax
increases and spending cuts that are due to kick in in January.

Dec 21, 2012

Seven ways the fiscal cliff crisis could end

WASHINGTON, Dec 21 (Reuters) – So what now?

The U.S. House of Representatives’ rejection of a bill to
raise taxes on just 0.18 percent of Americans – those making
more than $1 million a year – has raised questions about the
Republican-led chamber’s ability to approve any plan to avert
the looming “fiscal cliff.”

Unless President Barack Obama and the U.S. Congress can
forge a deal during the Christmas and New Year’s holiday season,
the largest economy in the world could be thrust back into a
recession because of the steep tax increases and spending cuts
that are due to begin in January.

Dec 21, 2012

Scenarios: Seven ways the U.S. ‘fiscal cliff’ crisis could end

WASHINGTON (Reuters) – So what now?

The U.S. House of Representatives’ rejection of a bill to raise taxes on just 0.18 percent of Americans – those making more than $1 million a year – has raised questions about the Republican-led chamber’s ability to approve any plan to avert the looming “fiscal cliff.”

Unless President Barack Obama and the U.S. Congress can forge a deal during the Christmas and New Year’s holiday season, the largest economy in the world could be thrust back into a recession because of the steep tax increases and spending cuts that are due to begin in January.

Dec 21, 2012

Seven ways the U.S. “fiscal cliff” crisis could end

WASHINGTON (Reuters) – So what now?

The U.S. House of Representatives’ rejection of a bill to raise taxes on just 0.18 percent of Americans – those making more than $1 million a year – has raised questions about the Republican-led chamber’s ability to approve any plan to avert the looming “fiscal cliff.”

Unless President Barack Obama and the U.S. Congress can forge a deal during the Christmas and New Year’s holiday season, the largest economy in the world could be thrust back into a recession because of the steep tax increases and spending cuts that are due to begin in January.

Dec 21, 2012

Analysis – Boehner has few options in U.S. fiscal cliff mess

WASHINGTON (Reuters) – Now that House Speaker John Boehner’s “Plan B” for addressing the “fiscal cliff” has crashed and burned, the top U.S. Republican appears to have two remaining options – wash his hands of the entire matter or negotiate a compromise with Democrats that could abandon scores of his fellow Republicans.

The Republican rank and file and Democrats may face an equally stark choice: work together for a change, or plunge together off the cliff.

Dec 21, 2012

Analysis: Boehner has few options in fiscal cliff mess

WASHINGTON (Reuters) – Now that House Speaker John Boehner’s “Plan B” for addressing the “fiscal cliff” has crashed and burned, the top U.S. Republican appears to have two remaining options – wash his hands of the entire matter or negotiate a compromise with Democrats that could abandon scores of his fellow Republicans.

The Republican rank and file and Democrats may face an equally stark choice: work together for a change, or plunge together off the cliff.

Dec 21, 2012

Boehner has few options in U.S. fiscal cliff mess

WASHINGTON, Dec 20 (Reuters) – Now that House Speaker John
Boehner’s “Plan B” for addressing the “fiscal cliff” has crashed
and burned, the top U.S. Republican appears to have two
remaining options – wash his hands of the entire matter or
negotiate a compromise with Democrats that could abandon scores
of his fellow Republicans.

The Republican rank and file and Democrats may face an
equally stark choice: work together for a change, or plunge
together off the cliff.

Dec 21, 2012

US Republicans push own ‘fiscal cliff’ plan; talks frozen

WASHINGTON, Dec 20 (Reuters) – Republicans in the U.S.
Congress pushed ahead on Thursday with a “fiscal cliff” plan
that stands no chance of becoming law as time runs short to
reach a deal with President Barack Obama to avert a possible
Washington-induced recession.

The Republican-led House of Representatives was due to vote
on raising income-tax rates on the wealthiest sliver of the
population, a move that breaks with decades of anti-tax
orthodoxy by the party.

    • About Richard

      "I have been a Washington correspondent for Reuters since 2001. I have written about climate change and the environment, the U.S. Congress, politics, economic issues and agricultural trade disputes."
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