News Headline Summary

Politico writes "Rough start for fiscal cliff talks"

The opening round of negotiations this week between White House and senior GOP congressional staffers left both sides pessimistic about their ability to reach a quick deal on averting the fiscal cliff, according to sources familiar with the talks.
Hill Democrats say Republicans aren’t serious about crafting a deal that President Barack Obama can accept. The GOP’s opening offer, the sources said, would freeze the Bush-era tax rates, change the inflation calculator for entitlement programs, keep the estate tax at 2012 levels and authorize a major overhaul of the Tax Code — although they did not provide a revenue target.

Read more: http://www.politico.com/news/stories/1112/84116.html#ixzz2Cq1MSctK

Print 06:58, 21 Nov 2012 - Economic commentary - Source: Politico