WASHINGTON U.S. House Speaker John Boehner said White House and Republican negotiators had made no progress in talks to avert the "fiscal cliff" of sharp tax hikes and deep spending cuts that looms early in January.
"We're nowhere" Boehner, the top House Republican, said on "Fox News Sunday."
"We've put a serious offer on the table by putting revenues up there. ... But the White House has responded with virtually nothing," he said.
Boehner said Congress will never agree to the White House suggestion that the federal debt limit be raised without a congressional vote. "Congress is never going to give up that power. ... It is the only way to leverage the political process." he said.
(Reporting by Jackie Frank; Editing by Bill Trott)
Trending On Reuters
Tata Motors shares fell more than 5 percent on Wednesday after a surprise drop in its bottom line, hit by weak demand for luxury Jaguars and Range Rovers in China, where automakers are under pressure to cut prices. Full Article
Factbox - China's leaders sign $80 bln of deals with India, Brazil and others Full Article