The Straits Times
www.straitstimes.com
Published on Nov 30, 2012
 

US fiscal cliff talks stall as both sides dig in

 
 

WASHINGTON (AFP) - United States (US) Democrats and Republicans bickered on Thursday over whether to raise taxes on the wealthiest Americans, as crunch negotiations on avoiding the so-called fiscal cliff stalled.

Republican speaker John Boehner met Treasury Secretary Timothy Geithner, after a Wednesday phone call with President Barack Obama, but warned there had been "no substantive progress" in averting drastic tax hikes and spending cuts.

"I've got to tell you that I'm disappointed in where we are and disappointed in what's happened over the last couple of weeks," he said, urging the White House to "get serious" about cutting federal spending, including entitlements.

Senate Majority Leader Harry Reid, shot back that Democrats have seen no "serious offer" from Republicans, who oppose raising tax rates and are divided about a quick agreement on keeping taxes low for middle-income families.