Take the Lead

House GOP urges Obama to counter their offer
House Majority Whip Kevin McCarthy, House Speaker John Boehner, House Majority Leader Eric Cantor / AP

House Republicans on Wednesday urged President Barack Obama to take the lead in negotiations over the so-called fiscal cliff, as talks appear to have broken down.

Republicans Make Their Move

House leaders offer counter to White House fiscal cliff deal
House Speaker John Boehner

House Republicans on Monday made their first counter offer to the White House in negotiations over the so-called fiscal cliff, proposing total savings of $2.2 trillion over the next decade, $800 billion of which would come from new revenue through tax reform.

The Coming Middle Class Tax Hike

Neither Republicans nor Democrats eager to argue for extending payroll tax rate
Alan Krueger / AP

Employee payroll taxes are scheduled to rise nearly 50 percent in 2013 absent action by lawmakers, and there is a growing sense that both parties might be willing to let that happen.