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
British telecoms operator Vodafone has picked Bank of America Merrill Lynch (BofA), Kotak Investment Banking and UBS as joint global coordinators of its Indian unit's IPO, people familiar with the matter said, kicking off its long-awaited listing plan. Full Article