Thursday, December 20, 2012

"Fiscal Cliff": What Obama and Boehner stand for

U.S. President Barack Obama (r) shakes hands with Speaker of the House John Boehner (l) during a meeting with bipartisan group of congressional leaders in the Roosevelt Room of the White House on November 16, 2012 in Washington, DC. PHOTO/Getty Images/Olivier Douliery

In their "fiscal cliff" standoff, President Barack Obama wants to raise taxes by about US$20 billion a year more than House Speaker John Boehner. The president wants the government to spend about that much more yearly than

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