WASHINGTON — President Barack Obama will not be making a new offer to congressional leaders to avert the fiscal cliff at a meeting at the White House Friday afternoon.
“In today’s meeting, the president is not making a new offer; he is going to lay out — as he did on Friday — what is clear can pass with a majority in both the House and Senate and what a majority of American people support,” a source familiar with the meeting told BuzzFeed — news that sent stocks sharply down when it hit the wires Friday afternoon. “He will ask them what they are willing to support to prevent us from going over the cliff, and if they don’t have a counter proposal that can pass the House and the Senate, he will ask to allow for an up or down vote.”
Reports from Capitol Hill on Thursday and Friday indicated that lawmakers were closing in on a new agreement, though the source said Obama will not be initiating with an offer. It is not yet clear whether other meeting participants will present a proposal to avert the fiscal cliff.
Administration officials believe that Obama’s proposal would pass Congress if provided an up-or-down vote, something Speaker of the House John Boehner has to date refused to do unless a majority of his caucus is on board. In addition to Boehner, Obama is meeting with Senate Majority Leader Harry Reid, Minority Leader Mitch McConnell, and House Minority Leader Nancy Pelosi. Vice President Joe Biden and Treasury Secretary Tim Geithner are also in attendance.
If lawmakers don’t act by the end of the year, taxes will rise on nearly all Americans, unemployment insurance will expire for nearly 2 million people, and painful automatic spending cuts will kick in.
- nanonanonano thinks Source: Obama Not Making New Offer To... is Win
Ever since the republican tea-party came into the picture, America has been down graded. We are no longer exceptional when it comes to the political process of getting things done. But then again, what do you expect from a republican party that wants to sabotage economic progress. Wake the fuck up America and boot these useless Cons.
The problem in Greece is because they made “too large and too fast cuts to their economy”. Those decisions made them go on a huge spin that they are still suffering and could bring Europe, England and USA to their knees. Actually, the previous said Governments are still helping Greece from their demise. The other problem is that Greece elected a former Goldham-Sachs president/economist George Papandreou who worked in England and New York office before becoming the Prime Minister. He was born in Saint Paul, Minnesota, United States. Winning formulas like our finances were in the USA in 2008 and 2009. Don’t believe me check it yourself
- Kerrilandis Source: Obama Not Making New Offer To...