Us Fiscal Deadlock

tvnportal
1.3K
2 views
  • About
  • Export
  • Add to
There's been a setback for the top US Republican...

House Speaker John Boehner has abandoned fall-back legislation aimed at avoiding the "fiscal cliff" of tax rises and spending cuts due to a lack of support from his party.

"Plan B", as its called, would limit income tax increases to the wealthiest Americans.

The measure had been blasted by the Democrats as a diversion that would never have passed in the Senate, where they hold a majority.

Now the Republican-led House has gone into recess, but may return as soon as December 27th with a new plan.
Powered by NewsLook.com
Producer : Xinhua News Agency

0 comments