Speaker John Boehner, R-Ohio, said unless President Obama makes further concessions on spending cuts, Washington is headed over the year-end "fiscal cliff."
"The president wants to pretend spending isn't the problem. That's why we don't have an agreement," Boehner said. "Unfortunately, the White House is so unserious about cutting spending that it appears willing to slow-walk our economy right up to -- and over -- the fiscal cliff."
Just 18 days remain for Washington to take action before the George W. Bush era tax cuts expire, and $1.2 trillion in spending cuts over 10 years are triggered. Several other laws are expiring that also affect millions of Americans, including a temporary payroll tax holiday and long-term unemployment benefits.
Note EU-Digest: President Obama received a mandate from the US voters that they are in favor of getting those we can afford to pay their fair share accordingly. If the US goes over the fiscal cliff its not a question of the Democrats not willing to compromise but rather a divided Republican party which is taking the country on a suicide mission.
Read more: Boehner: President is willing to go over fiscal cliff
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