Obama, Boehner Meet To Talk About 'Fiscal Cliff' - Spokane, North Idaho News & Weather KHQ.com

Obama, Boehner Meet To Talk About 'Fiscal Cliff'

Posted: Updated:

WASHINGTON (AP) - President Barack Obama and House Speaker John Boehner have met at the White House to talk about the "fiscal cliff."
    
Officials say the two met today for about 45 minutes.
    
They're running out of time if they hope to make an agreement and get it passed through Congress before the cliff strikes at the beginning of January. A mix of huge tax increases and deep cuts to the Pentagon and other federal agencies starts taking effect Jan. 1.
    
Given the pressing timetable, the two men are hoping to set the broad parameters of an agreement while taking care of urgent business like extending tax cuts for most earners, preventing sharp cuts in Medicare physician payments, and making sure millions of taxpayers don't get struck by the alternative minimum tax.
    
On Friday, Boehner offered $1 trillion in higher tax revenue over 10 years and an increase in the top tax rate on people making more than $1 million a year. The House speaker is also offering a large enough extension in the government's borrowing cap to fund the government for one year before the issue must be revisited - as long as Obama agrees to the $1 trillion in cuts.
    
More progress was made in staff negotiations over the weekend.

  • Most Popular StoriesMost Popular StoriesMore>>

  • PHOTOS JUST IN: Devastation from Carlton Complex; 300 homes burned

    PHOTOS JUST IN: Devastation from Carlton Complex; 300 homes burned

    Saturday, July 26 2014 12:07 AM EDT2014-07-26 04:07:59 GMT
    TWISP, Wash. (AP) - The Okanogan County Sheriff says the Carlton Complex wildfire has many more homes than previously thought. Sheriff Frank Rogers said Friday that the Carlton Complex fire has consumed about 300 homes this month. His office previously placed the number at 150, but he said then he knew it would rise.>>
    TWISP, Wash. (AP) - The Okanogan County Sheriff says the Carlton Complex wildfire has many more homes than previously thought. Sheriff Frank Rogers said Friday that the Carlton Complex fire has consumed about 300 homes this month. His office previously placed the number at 150, but he said then he knew it would rise.>>
  • UPDATE: High Drive brush fire now 100% contained

    UPDATE: High Drive brush fire now 100% contained

    Tuesday, July 29 2014 11:42 AM EDT2014-07-29 15:42:03 GMT
    SPOKANE, Wash.- On Monday afternoon a brush fire broke out on the west side of Spokane's South Hill. The fire, which broke out around 3pm, was burning on the hill between High Drive and Qualchan Golf Course. By 9pm Monday night the fire was 100% contained. This does not necessarily mean the fire is totally out, but that crews are confident it won't spread and will be out soon.>>
    SPOKANE, Wash.- On Monday afternoon a brush fire broke out on the west side of Spokane's South Hill. The fire, which broke out around 3pm, was burning on the hill between High Drive and Qualchan Golf Course. By 9pm Monday night the fire was 100% contained. This does not necessarily mean the fire is totally out, but that crews are confident it won't spread and will be out soon.>>
  • 44 Riverside homes destroyed or damaged in storm

    44 Riverside homes destroyed or damaged in storm

    Thursday, July 24 2014 3:46 PM EDT2014-07-24 19:46:53 GMT
    RIVERSIDE, Wash. - Many families were still at the Red Cross Shelter set up at Riverside High School in Riverside this morning.An afternoon storm destroyed or damaged 44 of their homes and knocked down close to 100 trees in Riverside Village Mobile Home Park.Many residents said the storm looked like a tornado as it swept through their neighborhood.>>
    RIVERSIDE, Wash. - Many families were still at the Red Cross Shelter set up at Riverside High School in Riverside this morning.An afternoon storm destroyed or damaged 44 of their homes and knocked down close to 100 trees in Riverside Village Mobile Home Park.Many residents said the storm looked like a tornado as it swept through their neighborhood.>>