UPDATE: White House Threatens Veto Of Boehner's 'Plan B'
UPDATE: President Barack Obama says he is prepared to do "tough things" for a "fiscal cliff" deal and says there is no reason for the talks to fail.
The president said he remains optimistic that a deal can be done, even though talks have reached a standstill.
Negotiations between the White House and Boehner's office on a deal to raise revenue and cut spending have stalled since House Speaker John Boehner decided to seek a vote in the House on a narrow bill that would raise taxes on taxpayers earning more than $1 million.
Obama has proposed raising the top tax rate for those earning more than $400,000 along with savings and spending cuts of $1.2 trillion.
WASHINGTON (AP) - The White House says President Barack Obama would veto House Speaker John Boehner's 'Plan B' proposal for extending tax cuts for people making up to $1 million.
White House communications director Dan Pfeiffer says it is unlikely that such a bill would pass the Senate. In a statement, he says the deficit reduction that would result from the 'Plan B' approach is minimal and offers no spending cuts.
Pfeiffer says Obama urges Republican leaders to work with the White House to find a reasonable solution instead of engaging in "political exercises." Unless both sides reach an agreement, a series of tax hikes and spending cuts will go into effect starting Jan. 1.
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Tuesday, May 21 2013 1:43 PM EDT2013-05-21 17:43:51 GMT
BREAKING NEWS - The Medical Examiner's Office has revised the death toll in the Moore, Oklahoma tornado from 91 people to at least 24 people.>>
UPDATE: Originally the death toll was reported to be 91 people and counting, however, the Medical examiner's office revised the death toll from the Oklahoma tornado to at least 24 people. A spokeswoman said Tuesday morning that she believes some victims were counted twice in the early chaos of the storm.>>
Tuesday, May 21 2013 3:31 PM EDT2013-05-21 19:31:19 GMT
WASHINGTON (AP) - Wind, humidity and rainfall combined precisely to create the massive killer tornado in Moore, Okla. >>
WASHINGTON (AP) - Wind, humidity and rainfall combined precisely to create the massive killer tornado in Moore, Okla. And when they did, the awesome amount of energy released over that city dwarfed the power of the atomic bomb that leveled Hiroshima. Meteorologists contacted by The Associated Press used real time measurements to calculate the energy released during the storm's life span of almost an hour.>>