News Headline Summary

As a reminder, the US House plans to vote on Boehner 'plan B' budget proposal after 1930EST (0030GMT)

Update details:

- House Republicans are to vote on Boehner's “Plan B” bill as a backup proposal if a deal is not reached with the White House on averting the “fiscal cliff.”
- “Plan B” would raise taxes on people earning over USD 1mln a year but not block deep spending cuts set to trigger on Jan. 1.

Print 20:48, 20 Dec 2012 - Economic commentary - Source: Newswires