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Obama threatens veto of Republican plan, fiscal talks turn sour

• Reuters

Obama and House of Representatives Speaker John Boehner, the top Republican in Congress, have been negotiating a deal to avert harsh tax hikes and spending cuts scheduled for January that could trigger a recession, and Obama said he was puzzled over what was holding up the talks.


"It is very hard for them to say yes to me," the president told a news conference. "At some point, you know, they've got to take me out of it."


The rise in tensions threatens to unravel significant progress made over the last week in the so-called fiscal cliff talks, which aim to slow the growth of the country's $16 trillion debt.

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