Friday, December 28, 2012

Fiscal cliff drama continues


From ThinkProgress: With four days left until the end of the year, President Obama will host the congressional leaders in the Oval Office today in hopes of reaching a compromise.

The House and Senate are back in session, but House Speaker John Boehner (R-OH) refuses to take an up or down vote on a Senate-passed bill extending tax cuts to Americans earning less than $250,000 and Senate Minority Leader Mitch McConnell (R-KY) is now demanding spending cuts to pay for an extension to the federal unemployment insurance program that expires at the end of the year.

The Washington Post reports that McConnell “for the first time was engaged directly in talks with the White House. He signaled an interest in cutting a deal.”
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