WASHINGTON (AP) — House Speaker John Boehner said Friday there has been no progress in negotiations to avert a “fiscal cliff” combination of automatic tax increases and spending cuts in January and called on President Barack Obama to produce a new offer.
Hours later, Vice President Joe Biden again laid out the White House’s terms: raise the top two tax rates paid by upper-income earners and give the president authority to raise the government’s borrowing cap without the approval of Congress.
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