Pelosi confident US will avert fiscal cliff | Bangkok Post: news

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Pelosi confident US will avert fiscal cliff

The top Democrat in the House of Representatives expressed hope Sunday that US lawmakers will reach a deal by mid-December to avoid the fiscal cliff but stood firm on tax rises for the rich.

House Minority Leader Nancy Pelosi speaks at the White House after meeting with US President Barack Obama on November 16 in Washington,DC. She expressed hope Sunday that US lawmakers will reach a deal by mid-December to avoid the fiscal cliff but stood firm on tax rises for the rich.

In an interview with ABC television's "This Week," Nancy Pelosi said she would not accept an agreement that keeps tax rates for the wealthy unchanged, as the Republicans in Congress are demanding.

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