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News Link • Government Debt & Financing

Boehner: W.H. has ‘done nothing’ on cliff talks

 “For weeks the White House said if I moved on rates, that they would make substantial concessions on spending cuts and entitlement reform,” Boehner said in an afternoon news conference. “I did my part, they’ve done nothing.”

With just days before Christmas, and less than two weeks until tax increases and spending cuts kick in, Boehner also voiced hope for the stalled negotiations. He said he expects that stalled negotiations between he and President Barack Obama will restart. And cast doubt that Senate Majority Leader Harry Reid (D-Nev.) would ignore his fallback bill, which would extend Bush-era tax rates on income below $1 million.

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