Associated Press

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December 17, 2012
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Movement seen in 'fiscal cliff' talks

WASHINGTON (AP) - The White House and congressional Republicans are a long way from agreeing on a plan to deal with the "fiscal cliff." But it seems like some progress is being made.

House Speaker John Boehner is offering $1 trillion in higher tax revenue over 10 years and an increase in the top tax rate on people making more than $1 million a year. He's also offering a large enough extension in the government's borrowing cap to fund the government for one year before the issue must be revisited - conditioned on President Barack Obama agreeing to the $1 …

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The Nevada Appeal Updated Dec 17, 2012 02:27PM Published Dec 17, 2012 11:56AM Copyright 2012 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.