News Headline Summary

US House speaker Boehner says the goal remains full repeal of 'Obamacare' and that increasing tax rates is unacceptable

Update details:

- Comments such as these are likely to become a regular occurrence as the fiscal debate heats up heading toward the end of the year.

- The FT notes today that, going off the fiscal cliff would mean 3 per cent less output from the US economy and unemployment would rise to 9.1 per cent by the end of 2013, according to a new report by the non-partisan Congressional Budget Office.

FT link: http://www.ft.com/cms/s/0/69d09074-29e0-11e2-a5ca-00144feabdc0.html#axzz2Bfw4QSBI

Print 22:54, 08 Nov 2012 - Asian News - Source: Newswires/FT