White House, Fiscal Cliff | featured news

U.S. President Barack Obama and John Boehner, the top Republican in Washington, met at the White House on Monday to try to reach a budget deal that would head off steep tax hikes and spending cuts that could push the economy into recession next year.

It may not sound like it from the rhetoric, but both the House and Senate have passed separate bills to delay big tax increases awaiting nearly every taxpayer next year if Congress and the White House can't agree on a plan to avert the "fiscal cliff."...

White House Deputy Press Secretary, John Earnest, said Republicans shouldn't be surprised at the fiscal proposal they received from the president because it's based on the positions he has had on the campaign trail for the past year.