News Headline Summary

Politico writes: 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

- 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.

Full story: http://www.politico.com/news/stories/1112/84116.html#ixzz2CorVhUC5

Print 02:12, 21 Nov 2012 - Asian News - Source: Politico