Real 'Deal,' or Media Myth?

CNN reports, “US President Barack Obama offered to back away from his position that tax hikes should begin at $250,000 in annual income, delivering a fresh concession to congressional Republicans as talks to avert the fiscal cliff intensified in Washington.”

And the New York Times added this morning, “President Obama delivered Speaker John A. Boehner a new offer on Monday to resolve the pending fiscal crisis — and what may be close to a final deal, which would raise revenues by $1.2 trillion over the next decade but keep in place the Bush-era tax rates for any household with earnings below $400,000.”