News Headline Summary

White House says Republican fiscal cliff plan does not meet the test of balance and includes nothing new

Says:

- Obama is not willing to give up his demand that the wealthiest Americans must pay higher tax rates.

Analysis details (05:51)

- Earlier in the session we saw a Republican offer which proposed USD 600bln in health care savings; which saves USD 200bln by revising inflation index for federal retirement benefits.

04 Dec 2012 - 05:48 - Economic Commentary - Source: Newswires

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