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Last second plea

 
Anonymous Coward
User ID: 14873148
United States
12/27/2012 01:41 PM
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Last second plea
[link to www.cnn.com]
"
Washington (CNN) -- In an effort to end an impasse over taxes, President Barack Obama plans to send Congress a scaled-back proposal Thursday to avoid the harshest impacts of the fiscal cliff, sources told CNN.

A Republican senator said Obama told Senate Minority Leader Mitch McConnell, R-Kentucky, that the president's plan would arrive on Thursday, and a Senate Democratic leadership member also said that was the approach being taken. Both sources spoke on condition of not being identified further.

NEW: President to take the first step in trying to get a deal with Republicans
Senate leader Reid questions whether enough time remains for an agreement
Without a deal, taxes go up and spending gets slashed in the new year
An impasse over taxes remains the major obstacle"





GLP