US President Barack Obama and Republican House Speaker John Boehner made strides towards a deal to avert a year-end tax and spending crisis that could spark a recession.
Speaker of the House John Boehner (R-OH) speaks during a press briefing on Capitol Hill December 13, 2012. He went to the White House for talks with President Barack Obama on the so-called fiscal cliff.
Obama offered Boehner his latest counter-proposal in a tortuous negotiating process now homing in on a January 1 deadline, offering a major compromise on the income level affected by his demand to raise taxes on the rich.
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