Talks to avert fiscal cliff become game of chicken

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Saturday, December 01, 2012

MSN Money: Instead of showing bipartisan progress on a solution to the "fiscal cliff," Congress and the White House seem unwilling to budge, after House Speaker John Boehner, R-Ohio, expressed disappointment.

Far from seeking common ground to avert a year end calamity of automatic tax hikes and spending cuts that could trigger another recession, the Democrats and Republicans appear to be trying to escort each other over the fiscal cliff. Senior administration officials had a testy meeting yesterday with Boehner and other Republicans that further soured the negotiations, and Obama is hitting the road today for Philadelphia to try to rally voters to his side in the negotiations.

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