The Straits Times
Published on Dec 05, 2012

US House leaders demand meeting, new offer from Obama


WASHINGTON (REUTERS) - Republican leaders in the US House of Representatives on Wednesday said talks with President Barack Obama to resolve the fiscal cliff are deadlocked, and they demanded a meeting with the president to move the negotiations forward.

"Nothing is going on," in the talks, House Majority Leader Eric Cantor told reporters, following a meeting with fellow Republicans. "We ask the president to sit down with us."

Speaker John Boehner presented a counter to Mr Obama's US$1.6 trillion (S$20 trillion) plan this week, including US$800 billion in new revenue gained from closing unspecified tax loopholes on the wealthy.

"I'll be available at any moment to sit down with the president," Mr Boehner told reporters.