News Headline Summary

US House Speaker Boehner says that republicans have made a serious offer on budget, but still waiting for White House to detail new spending cuts

- Republican proposal is a balanced approach.
- White House has not detailed spending cuts.
- Hopeful fiscal cliff agreement can be reached
- Obama proposal would make the problem worse.

Reaction details (17:11)

- In reaction to these comments:
- e-mini S&P moved lower by 3.25 points over three minutes from 1431.50 to 1428.25..
- T-Notes gained 1+ ticks over three minutes from 133.12 to 133.13+.

Analysis details (17:12)

- These comments from Boehner show little in the way of progress in fiscal cliff discussions and therefore dampening optimism. As a reminder congress is schedule to adjourn this Friday so only 3 days remain for talks at present.

11 Dec 2012 - 17:02 - Equities Bank Speaker - Source: Newswires

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