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With each side denouncing the other's plan for the fiscal cliff, President Obama and John Boehner contine to argue about taxes [Photo:CNN].

December 6, 2012

Syria civil war: Fears of chemical weapon use

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What should the U.S. learn from Europe's woes?

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As President Obama and Capitol Hill lawmakers assess the need for spending cuts and tax increases against the risk of triggering a new recession, they might look across the Atlantic for insights from those who have already grappled with those budgetary questions.

Tax deduction limits may trim deficits, but not easily

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Behind President Obama’s insistence that tax rates must rise on higher incomes is a belief that Republicans cannot raise as much revenue as they claim, $800 billion in the first decade, simply by limiting deductions and loopholes. Yet in the past, Mr. Obama supported that option to collect even more.

Obama: Budget deal will unleash the economy

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“I think America is poised to take off,” President Obama said Tuesday, dangling what many business leaders and economists agree is the real prize tucked inside any credible deficit pact enacted in Washington by year’s end.

White House to ask for $50 billion in hurricane relief aid

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President Obama plans to ask Congress for about $50 billion in emergency spending to help rebuild the states ravaged by Hurricane Sandy, according to administration and Congressional officials briefed on the discussions.

GOP makes counteroffer in cliff talks

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House Republicans on Monday made a fresh deficit-reduction proposal to the White House that calls for $800 billion in increased tax revenue, half of what President Barack Obama has proposed.

Obama bets re-election gave him power to win fiscal cliff

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President Barack Obama is betting that his re-election gave him the political clout to force Republicans to accept higher taxes on upper-income Americans as a step toward reducing the federal deficit.

PBS NewsHour: White House, House Republicans Face Off Over Competing Deficit Reduction Plans

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House speaker John Boehner wrote to President Obama to reject a White House plan to raise tax rates for the wealthiest Americans, suggesting instead a counter-offer that raises Medicare eligibility age. Gwen Ifill talks to Erskine Bowles about his deficit reduction plan and how it differs from current proposals on the table.

Criticized as weak in past talks, Obama takes harder line

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Amid demands from Republicans that President Obama propose detailed new spending cuts to avert the year-end fiscal crisis, his answer boils down to this: you first.