Nancy Pelosi
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President Obama blamed Republicans' refusal to close `wasteful' loopholes for the automatic budget cuts going into effect Friday, and said Americans will get through the crisis.
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House Minority Leader Nancy Pelosi makes remarks on debt proposals.
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*Obama faces stiff Democratic opposition to Medicare cuts. WASHINGTON, Dec 16- U.S. House of Representatives Speaker John Boehner's offer to accept a tax rate increase for the wealthiest Americans knocks down a key Republican road block to a deal resolving the year-end "fiscal cliff."
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Obama faces stiff Democratic opposition to Medicare cuts. By David Lawder and Rachelle Younglai. WASHINGTON, Dec 16- U.S. House of Representatives Speaker John Boehner's offer to accept a tax rate increase for the wealthiest Americans knocks down a key Republican road block to a deal resolving the year-end "fiscal cliff."
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President Barack Obama is not ready to accept a new offer from the Republicans to raise taxes on top earners in exchange for major cuts in entitlement programs, a source said late on Saturday.
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*White House sees progress but not ready to accept. WASHINGTON, Dec 15- President Barack Obama is not ready to accept a new offer from the Republican leader of the U.S. House of Representatives to raise taxes on top earners in exchange for major cuts in entitlement programs, a source said late on Saturday.
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By Thomas Ferraro and Steve Holland. WASHINGTON, Dec 15- President Barack Obama is not ready to accept a new offer from the Republican leader of the U.S. the House of Representatives to raise taxes on top earners in exchange for major cuts in entitlement programs, a source said late Saturday.
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WASHINGTON, Dec 15- Mass murder in Connecticut silenced "fiscal cliff" talk on Saturday as the White House and Congress quietly got ready for a final scramble to avert the tax hikes and spending cuts set for the New Year, with sessions of the U.S. House of Representatives now scheduled just days before Christmas.
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House Minority Leader Nancy Pelosi addresses the "fiscal cliff" discussions, and says, "We really have to come to some agreement in the next couple of days."
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WASHINGTON, Dec 12- More public jousting in the "fiscal cliff" talks is expected from Democrats and Republicans on Wednesday in what has become a daily ritual of demanding more specific proposals to avert the steep tax hikes and budget cuts set for the end of the year.
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President Barack Obama met with Republican Speaker of the House of Representatives John Boehner on Sunday at the White House to negotiate ways to avoid the "fiscal cliff," according to White House officials and a congressional aide. The two sides declined to provide further details about the unannounced meeting.
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WASHINGTON, Dec 7- Republican House Speaker John Boehner accused U.S. President Barack Obama of pushing the country toward the "fiscal cliff" on Friday and of wasting another week without making progress in talks.
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WASHINGTON, Dec 7- With about three weeks left before the "fiscal cliff" deadline, the task of avoiding the steep tax hikes and spending cuts was down to talks between Republican House Speaker John Boehner and President Barack Obama, according to Capitol Hill aides.
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WASHINGTON, Dec 7- With about three weeks left before the "fiscal cliff" deadline, the task of avoiding the steep tax hikes and spending cuts was down to talks between Republican House Speaker John A. Boehner and President Barack Obama, according to Capitol Hill aides.
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WASHINGTON, Dec 7- Republican House Speaker John Boehner accused U.S. President Barack Obama of pushing the country toward the "fiscal cliff" Friday and of wasting another week without progress in talks.
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Republicans proposed steep spending cuts on Monday but gave no ground on President Barack Obama's call to raise taxes on the wealthiest in their first formal proposal to avert a "fiscal cliff" that could push the U.S. economy into recession.
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*White House dismisses Republican proposal. The White House dismissed the proposal and said it contained no new ideas. Both the Republican and White House plans would rely on spending cuts and increased tax revenue to trim budget deficits by more than $4 trillion over the coming 10 years.
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Treasury Secretary Timothy Geithner pushed Republicans on Sunday to offer specific ideas to cut the deficit, and predicted that they would agree to raise tax rates on the rich to obtain a year-end deal and avoid possible economic doom.
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While President Barack Obama visited a Pennsylvania toy factory to muster public support for tax hikes on the rich, portraying Republicans as scrooges at Christmas time, his primary adversary in negotiations, Republican House Speaker John Boehner, continued to describe the situation as a stalemate.
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WASHINGTON, Nov 30- Democrats in the U.S. House of Representatives on Friday announced a longshot bid to force an early vote on tax hikes to break the stalemate in negotiations over the year-end "fiscal cliff."
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HATFIELD, Penn., Nov 30- President Barack Obama turned up the pressure in "fiscal cliff" talks on Friday, hitting the road to drum up support for his drive to raise taxes on the wealthy and warning Americans that Republicans were offering them "a lump of coal" for Christmas.