Obama, Boehner spar on fiscal cliff, deal may go to wire | Bangkok Post: news

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Obama, Boehner spar on fiscal cliff, deal may go to wire

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US President Barack Obama and House Speaker John Boehner dueled over the fiscal cliff, and despite narrowing differences remained stubbornly at odds over how to avoid looming tax hikes and spending cuts. 

US President Barack Obama said he and Republicans had narrowed differences over how to avoid the "fiscal cliff" to "a few hundred million dollars," and urged his adversaries to compromise on a year-end deal.

Obama leaned heavily on Republicans to end the stalemate and compromise on a deficit reduction deal to avert the so-called "fiscal cliff," saying he hoped a year-end deal was possible.

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