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'Cliff' talks: Geithner invites GOP counteroffer

President Obama is ready for difficult concessions to reach a deficit deal, but GOP lawmakers must first commit to higher tax rates on the rich and specify what additional spending cuts they want in a deal to avoid the looming "fiscal cliff," Treasury Secretary Timothy Geithner said.

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'Fiscal cliff' talks delay Geithner departure

Tim Geithner may soon leave the Treasury Department, but he is helping lead the "fiscal cliff" negotiations.

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