News / USA

White House: 'Fiscal Cliff' Talks Not Dead

President Barack Obama, flanked by National Governors Association Chairman, Delaware Governor Jack Martell, and NGA Vice Chair, Oklahoma Governor Mary Fallin, with Tim Geithner (R), meets with the NGA executive committee regarding the fiscal cliff.
President Barack Obama, flanked by National Governors Association Chairman, Delaware Governor Jack Martell, and NGA Vice Chair, Oklahoma Governor Mary Fallin, with Tim Geithner (R), meets with the NGA executive committee regarding the fiscal cliff.
Kent Klein
— White House officials said the Obama administration is still negotiating with Republicans in Congress on a looming fiscal crisis. Both sides are far apart in their negotiations, less than a month before big tax increases and spending cuts are set to take effect.

President Barack Obama has met only once with top lawmakers to discuss the budget dispute, which Democrats and Republicans agree could damage the U.S. economic recovery.

But White House press secretary Jay Carney said Tuesday the two sides have been holding a series of lower-level meetings to advance the talks.

“I can guarantee you that conversations continue at different levels among different groups," said Carney. "Whether there are emails being exchanged at this moment, I cannot say, but broadly speaking, there are conversations taking place.”

So far, each side has rejected the other’s proposals.  

In an interview with Bloomberg News on Tuesday, President Obama said Monday’s counteroffer by the Republican Speaker of the House of Representatives, John Boehner, was not acceptable.
 
“We have the potential of getting a deal done, but it is going to require what I talked about during the campaign, which is a balanced, responsible approach to deficit reduction that can help give businesses certainty and make sure that the country grows," he said. "And unfortunately, the Speaker’s proposal right now is still out of balance.”

Boehner and other Republicans last week shunned a White House plan, which would raise taxes on the richest Americans.

In a written statement Tuesday, Boehner said the president has offered a plan that could not pass either house of Congress.

The top Senate Republican, Minority Leader Mitch McConnell, said Mr. Obama needs to get serious about the negotiations.

“So I would hope the president would turn off the campaign - congratulations, you had a great victory - and let’s get serious about dealing with this deficit and debt," said McConnell. "We have wasted an enormous amount of time here, sparring back and forth in public. And it strikes me that it is a good time to get serious about the proposals.”

The president, meanwhile, invited several state governors from both parties to the White House Tuesday to hear their thoughts on the issue.

The governors, including Republican Gary Herbert, of the western state of Utah, agreed that urgent action is needed to avert the fiscal crisis before January 1.

“You have got to come together and get this done," Herbert said. "This impacts the economy. The uncertainty that is out there lingering is creating havoc with our economy in our states.”

Democratic Governor Jack Markell, of the eastern state of Delaware, said the crisis is standing in the way of the nation’s economic recovery.
 
“What people are concerned about is the uncertainty that the current state of the debate represents, in terms to business and individuals across the country," said Markell. "We all know that businesses are more likely to invest when they have a greater sense of what is to come.”

Markell said, however, he believes the president is “very focused” on finding an answer.

You May Like

China Investigates Former Powerful Security Chief

Former security chief and member of Politburo Standing Committee, Zhou Yongkang, under investigation for suspected 'serious disciplinary violation' More

India, US Look to Reset Ties During Kerry Visit

This week's talks will be first high level interaction between two countries since Prime Minister Narendra Modi took charge More

Video Young African Leadership Program Renamed to Honor Mandela

YALI program, launched by President Obama in 2010, aims to build skills in business, entrepreneurship, public management and civic leadership More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Vietnamese Staging Chinese Product Boycott After Oil Rig Spati
X
Reasey Poch
July 28, 2014 7:18 PM
China recently pulled an oil rig from an area of the disputed South China Sea that Vietnam also claims. Despite the action, the incident has had a lingering effect on consumers in Vietnam. VOA's Reasey Poch reports from Hanoi on an effort to boycott Chinese products.
Video

Video Vietnamese Staging Chinese Product Boycott After Oil Rig Spat

China recently pulled an oil rig from an area of the disputed South China Sea that Vietnam also claims. Despite the action, the incident has had a lingering effect on consumers in Vietnam. VOA's Reasey Poch reports from Hanoi on an effort to boycott Chinese products.
Video

Video ESA Spacecraft to Land on a Comet

After a long flight through deep space, a European Space Agency probe is finally approaching its target -- a comet millions of kilometers away from earth. Scientists say the mission may lead to some startling discoveries about the origins of the water on earth. VOA’s George Putic has more.
Video

Video Young Africans Arrive in US for Leadership Program

President Barack Obama's Young African Leadership Initiative has brought hundreds of young Africans to the United States for a six-week program aimed at building their knowledge and skills in fields such as public administration and business. Out of the 50,000 young Africans who applied for the program, just one percent was accepted. VOA's Laurel Bowman caught up with some of those who made the cut and has this report.
Video

Video In Honduras, Amnesty Rumors Fuel US Migration Surges

False rumors in Central America are fueling the current surge of undocumented young people being apprehended at the U.S. border. The inaccurate claims suggest the U.S. will give amnesty to young migrants from the region. As VOA's Brian Padden reports from Honduras, these rumors trace back to President Obama's 2012 executive order to halt deportations for some young undocumented immigrants already living in the United States.
Video

Video Students in Business for Themselves

They're only high school students, but they are making accessories for shoes, fabricating backpacks and doing product photography - all through their own businesses. It's the result of a partnership between a non-profit organization that teaches entrepreneurship and their schools. VOA's Mike O'Sullivan and Deyane Moses met the budding entrepreneurs near Los Angeles.
Video

Video Astronauts Train in Underwater Lab

In the world’s only underwater laboratory, four U.S. astronauts train for a planned visit to an asteroid. The lab - called Aquarius- is located five kilometers off Key Largo, in southern Florida. Living in close quarters and making excursions only into the surrounding ocean, they try to simulate the daily routine of a crew that will someday travel to collect samples of a rock orbiting far away from earth. VOA’s George Putic has more.

AppleAndroid