Officials: Obama, Boehner exchange proposals

By: Associated Press Email
By: Associated Press Email

At least publicly, there's no hint of progress in efforts to avoid the "fiscal cliff" -- with Republicans demanding that the White House outline specific spending cuts, and the White House saying it's already done so.

But the rhetoric from the two sides has been relatively restrained, as if to avoid jeopardizing any negotiations that might be taking place.

And in fact, officials have disclosed that President Barack Obama and House Speaker John Boehner have exchanged at least partial proposals in the past two days, although details are scarce.

Boehner said publicly today that the White House was slow-walking the negotiations, bringing the economy closer to feeling the impact of the automatic spending cuts and tax increases that would kick in next month.

Meanwhile, House Democratic leader Nancy Pelosi challenged Boehner to allow a vote on Obama's proposal to extend most expiring tax cuts while letting those cuts expire at higher income levels.

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