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Keyword: fisclcliff

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  • Obama to Congress: The Time For Immediate Action on Fiscal Cliff is Now

    12/28/2012 4:21:15 PM PST · by Kaslin · 50 replies
    Townhall.com ^ | December 28, 2012 | Leah Barkoukis
    So how did the last-ditch fiscal cliff meeting go this afternoon? Not great. President Obama again put forth the scaled-back version of the proposal he pitched last week. A source familiar with the meeting told CNBC that Obama was not making a new offer; just laying out what he thinks can pass the House and Senate. That includes keeping the tax cut for those making up to $250,000 and an extension of unemployment insurance for 2 million people. He will then ask the participants what they are willing to support, and if they don't have a counterproposal that can pass the...