Washington — President Barack Obama and House Speaker John Boehner met at the White House on Monday after the top Republican negotiator made concessions over the weekend that moved the talks to a new level.
The 45-minute meeting was their third face-to-face discussion in eight days, a sign of acceleration in the negotiations that seek to avert the automatic tax increases and spending cuts of the fiscal cliff set to take effect in the new year.
Sources told CNN over the weekend that Boehner’s latest proposal dropped Republican opposition to two key demands by Obama — higher tax rates on the wealthiest Americans and an automatic extension of the federal debt limit.
After reports emerged of Boehner’s new offer, his office insisted that no deal had been reached, but didn’t dispute the information from the sources about the concessions.
To read this article in its entirety visit CNN.