Overtures on Debt Negotiations
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From the Left
With 'fiscal cliff' looming, Congress facing compromise or confrontationA day after an election that both parties agreed was a mandate to find compromise and avoid the so-called fiscal cliff, Democratic and Republican congressional leaders also continued to sharply disagree over the key issue of whether top tax rates should be raised to help resolve the looming crisis.
From the Left
After Obama’s reelection, overtures from Republicans on debt negotiationsLess than 24 hours after the election, President Obama and congressional leaders moved with alacrity Wednesday to show flexibility in solving the nations biggest economic problems and recast Washingtons often divisive politics.
From the Right
‘Fiscal cliff’ nudges deal-making talkHouse Speaker John A. Boehner offered the first olive branch Wednesday in what is expected to be a frenetic spate of postelection deal-making to avert the looming “fiscal cliff, saying the GOP will let the government collect more tax revenue if President Obama will drop his plan to raise tax rates on the wealthy.
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