Republican House Speaker John Boehner and Obama aides have resumed talks in a sign of progress on averting the “fiscal cliff.”
No details were immediately available. President Barack Obama and Boehner spoke on the phone Wednesday, their first known conversation in nearly a week. Neither side provided details of the call.
With 3 1/2 weeks remaining before steep tax hikes and budget cuts are set to begin, Obama took his campaign to the home of a family in Northern Virginia on Thursday to illustrate the impact of letting taxes go up on the middle class.
“We’re in the midst of the Christmas season,” Obama said, sitting at a table in the Santana family’s Falls Church home. “I think the American people are counting on this getting solved. The closer it gets to the brink, the more stress there is going to be.”
Via – CNBC
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015