Boehner: Obama fiscal cliff offer bad for economy

Print
Font Size:
Default font size
Larger font size

Posted: Friday, November 30, 2012 1:10 pm

WASHINGTON (AP) -- House Speaker John Boehner (BAY'-nuhr) says President Barack Obama's proposal to avoid the fiscal cliff by boosting revenue by $1.6 trillion over the next decade would be a "crippling blow" to the economy and leave the nation's debt problems unresolved.

He says bargaining between administration officials and congressional leaders has gone "almost nowhere."

Even so, the Ohio Republican said Friday that he wants to continue working with the president to avoid hundreds of billions in tax increases and spending cuts that will begin in January unless negotiators find a way to head them off.

In visits on Thursday to congressional leaders, Treasury Secretary Timothy Geithner presented the administration proposal. Besides tax boosts, it also called for fresh spending to help the jobless, and savings next year from benefit programs.

© 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.

Rules of Conduct

  • 1 Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
  • 2 Don't Threaten or Abuse. Threats of harming another person will not be tolerated. AND PLEASE TURN OFF CAPS LOCK.
  • 3 Be Truthful. Don't knowingly lie about anyone or anything.
  • 4 Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
  • 5 Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
  • 6 Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Welcome to the discussion.

Right Now

weather

Today

weather
92°
Details

Tomorrow

weather
93°
Details

Today

weather
92°
Details

Today

weather
89°
Details

SUBMIT PHOTOS & VIDEOS | VIEW ALL PHOTOS & VIDEOS

Send your photos & videos to Pix@MySuncoast.com and you could be featured on ABC 7 & our website.