Obama Warns of Prolonged Talks as Republicans Rebuff Plan
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President Barack Obama and U.S. House Speaker John Boehner each demanded the other compromise as they ended a week of public jockeying for advantage in fiscal cliff negotiations with a standoff over taxes.
Obama, warning of “prolonged negotiations,” used a campaign-style appearance yesterday in Pennsylvania to appeal for help from voters to put pressure on Republicans in Congress to pass an extension of tax cuts for middle-income Americans as a first step toward resolving the impasse. That would leave decisions on reworking the tax code and cutting spending until next year.