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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.

Dec 21, 2012

Republicans push own “fiscal cliff” plan; talks frozen

WASHINGTON (Reuters) – Republicans in the 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 Washington-induced economic recession.

House of Representatives Speaker John Boehner’s “Plan B” to limit income-tax increases to the wealthiest sliver of the population appeared likely to pass the House on Thursday evening after it narrowly cleared a procedural hurdle in the afternoon.

Dec 20, 2012

Republicans push their own plan, fiscal talks languish

WASHINGTON (Reuters) – As a year-end deadline looms, Republicans in the House of Representatives pushed ahead on Thursday with their own “fiscal cliff” plan in a move that muddles negotiations with the White House to avoid steep tax hikes and spending cuts.

The Republican-led House is aiming to vote on Thursday evening on Speaker John Boehner’s “Plan B” to raise taxes only on annual incomes over $1 million, which is aimed at putting pressure on President Barack Obama to offer more concessions.

Dec 20, 2012

US ‘fiscal cliff’ talks turn sour, Obama threatens veto

WASHINGTON, Dec 19 (Reuters) – The conflict over the stalled
“fiscal cliff” talks grew more heated Wednesday and threatened
to become even more so Thursday when the action is expected to
shift for the first time to the floor of the U.S. House of
Representatives.

In the absence of a bipartisan agreement, the Republican
leadership of the House plans to move a bill of its own to the
floor Thursday to avert the steep tax hikes and budget cuts set
for January.

Dec 19, 2012

Factbox: U.S. House “Plan B” tax bill likely to have short shelf life

WASHINGTON (Reuters) – The U.S. House of Representatives is likely to vote this week on what is being called “Plan B” on avoiding the “fiscal cliff.”

The Republican-sponsored legislation aims to extend current low tax rates for most families. Without such action by Congress, across-the-board income tax rates will rise on January 1.

Dec 19, 2012

Republicans put squeeze on Obama in “fiscal cliff” talks

WASHINGTON (Reuters) – Republicans tried to wring more tax-rate concessions out of the White House on Tuesday as political maneuvering intensified over an agreement to keep the U.S. economy from tumbling off the “fiscal cliff” next year. Markets rallied on hopes for a deal.

After important concessions in recent days from both President Barack Obama and House of Representatives Speaker John Boehner, Republicans moved to increase pressure on the Democrats by vowing to vote in the House on a “Plan B” back-up measure that would largely disregard the progress made so far.

Dec 18, 2012

House Republicans eye limited fiscal cliff bill

WASHINGTON (Reuters) – With time running short before a December 31 deadline, House of Representatives Speaker John Boehner will begin work on legislation that simply would extend current low income tax rates for all families with incomes below $1 million a year, according to an aide.

Negotiations will continue with the White House on a broader tax and spending deal, the Boehner aide said.

Dec 18, 2012

“Fiscal cliff” deal closer, but gaps remain

WASHINGTON (Reuters) – After making major concessions on long-held “fiscal cliff” positions, President Barack Obama and House of Representatives Speaker John Boehner will test the reaction Tuesday of their respective parties in the U.S. Congress and continue talks aimed at further narrowing their differences.

The effort is designed to avert the steep tax hikes and across the board spending cuts set to take effect unless a deal is enacted into law before December 31. Enactment would require a buy-in by the full U.S. Senate and House on whatever Obama and Boehner present to them. Neither Obama or Boehner can be certain yet on how much resistance they might meet.

Dec 18, 2012

U.S. ‘fiscal cliff’ deal closer, but gaps remain

WASHINGTON, Dec 18 (Reuters) – After making major
concessions on long-held “fiscal cliff” positions, President
Barack Obama and House of Representatives Speaker John Boehner
will test the reaction Tuesday of their respective parties in
the U.S. Congress and continue talks aimed at further narrowing
their differences.

The effort is designed to avert the steep tax hikes and
across the board spending cuts set to take effect unless a deal
is enacted into law before Dec. 31. Enactment would require a
buy-in by the full U.S. Senate and House on whatever Obama and
Boehner present to them. Neither Obama or Boehner can be certain
yet on how much resistance they might meet.

    • 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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