Economy & Budget

Fiscal cliff update Dec. 10: Lines of communication still open

Fiscal cliff update Dec. 10: Lines of communication still open

21 days and counting, and the beginning of another week, to the cliff. Sunday on NBC’s “Meet The Press,” House Majority Whip Rep. Kevin McCarthy (R-Calif.) said that the Obama administration “continues to spend more” despite talk of using revenues to pay down the deficit.  Also on the docket Sunday, President Obama and Speaker of the House John Boehner held a closed door meeting. At issue, no doubt, is what some in the GOP are calling the Democrat’s unwillingness to budge on spending cuts — but the White House assures us that the lines of communication are still open.  Expect this to be the major point of contention throughout the week as Republicans and administration officials continue to slog through competing and antagonistically juxtaposed budget proposals.

On tap Monday, however, is the president’s trip to Michigan, where he will tour Daimler’s Detroit Diesel Plant. At the event, according to the Detroit Free Press, Daimler announced its expanded operations in the U.S. This will undoubtedly play well with Obama’s narrative that his fiscal policies are the best for business and job growth in America — just not necessarily small business.

Tuesday’s schedule for President Obama is still forthcoming.

Some important reads for the day below:

Sun Herald: Obama says he ‘won’t compromise’ on taxes
REDFORD, Mich. — President Barack Obama says he “won’t compromise” on his demands that the wealthiest Americans pay more in taxes. However, Obama held back from directly criticizing Republicans for opposing his tax plans, perhaps signaling that private negotiations over the “fiscal cliff” are showing progress. Obama and Boehner met privately at the White House Sunday.

Reuters: Lines of communication with Congress still open, White House says
President Barack Obama, who met with House of Representatives Speaker John Boehner on Sunday, believes he can reach a deal with congressional Republicans on resolving year-end “fiscal cliff” issues and negotiations continue, the White House said on Monday. “Lines of communication remain open,” White House spokesman Jay Carney told reporters traveling with the president to Michigan.

Washington Post: Time running out on ‘fiscal cliff’ deal
The contours of a deal to avert the year-end fiscal cliff are becoming increasingly clear. But progress has been slow, and time is running out for leaders to seal an agreement and sell it to restless lawmakers who so far have been given little information. With hope still alive for a resolution by Christmas, President Obama and House Speaker John A. Boehner (R-Ohio) met Sunday at the White House, their first face-to-face meeting in nearly a month and their first one-on-one session since July 2011, when they last tried to forge a far-reaching compromise to tame the national debt.

Politico: White House mum on Boehner talks, defends keeping cliff talks private
The White House wouldn’t offer any new details Monday on the weekend meeting between President Obama and House Speaker John Boehner, as press secretary Jay Carney defended keeping the content of the talks private. “I can confirm that there was a meeting and that lines of communication remain open, but I cannot characterize the talks, the conversations beyond that,” Carney said.

NBC News: Can Obama, Boehner make a deal?
Former White House Chief of Staff Bill Daley talks about the relationship between President Barack Obama and House Speaker John Boehner. He explains how it will impact the fiscal cliff negotiations.

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