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Hints at concessions on fiscal cliff
Posted: Nov 29, 2012 2:42 AM by Associated Press
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WASHINGTON (AP) - Obama administration officials are heading to Capitol Hill for talks that come amid increasing anxiety that the White House and top Republicans are wasting time as the government slides toward an economy-rattling "fiscal cliff."
Treasury Secretary Tim Geithner and top White House aide Rob Nabors are to visit separately today with the four House and Senate leaders to discuss how to avert a series of tax increases and spending cuts due to begin in January. Republicans complain that the White House is slow-walking the talks and has yet to provide specifics on how President Barack Obama would curb the rapid growth of benefit programs like Medicare and Medicaid.
There's been little evident progress in negotiations between the White House and the lead GOP negotiator, House Speaker John Boehner.
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