Less than a month before the Bush-era tax cuts are set to expire and significant spending reductions are supposed to go into effect, the Obama White House and congressional Republicans remain far apart in their negotiations. “We’re nowhere, period. We’re nowhere,” House Speaker John Boehner said on FOX yesterday. He also blasted the budget offer that the White House gave to Republicans on Thursday, which included $1.6 trillion in increased taxes and revenues, $400 to $600 billion in spending cuts, and the essential end of Congress’ control over the debt limit.
“I was flabbergasted… I’ve just never seen anything like it. You know, we’ve got seven weeks between Election Day and the end of the year. And three of those weeks have been wasted with this nonsense.”
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