Obama, Boehner Meeting at the White House
WASHINGTON (AP) - A White House official says President Barack Obama and House Speaker John Boehner (BAY'-nur) are meeting at the White House to discuss the pending fiscal cliff and deficit reduction.
The meeting comes as Boehner is offering $1 trillion in higher tax revenue over 10 years and an increase in the top tax rate on people making more than $1 million a year.
The speaker also has offered a large enough extension in the government's borrowing cap to fund the government for one year before the issue must be revisited - conditioned on the president agreeing to $1 trillion in cuts.
The offer was made Friday after a long impasse. It calls for about $450 billion in revenue from increasing the top rate on income over $1 million.
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
View All Sections
- More Sections
- Home
- News
- Weather
- Sports
- Careers
- Road Ahead
- Station
- Stay Connected
- KOLO Cares
- Contests
- KOLO - Community
Gray Television, Inc. - Copyright © 2002-2013
Designed by Gray Digital Media