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December 03, 2012

Fiscal Cliff Talks at Stalemate

The White House and congressional Republicans "remained at loggerheads--in both public and private--over how to design a deficit-reduction package, with just a few weeks remaining before the nation hits the fiscal cliff," the Wall Street Journal reports.

The New York Times notes that President Obama, "scarred by failed negotiations in his first term and emboldened by a clear if close election to a second, has emerged as a different kind of negotiator in the past week or two, sticking to the liberal line and frustrating Republicans on the other side of the bargaining table."

"Disciplined and unyielding, he argues for raising taxes on the wealthy while offering nothing new to rein in spending and overhaul entitlement programs beyond what was on the table last year. Until Republicans offer their own new plan, Mr. Obama will not alter his. In effect, he is trying to leverage what he claims as an election mandate to force Republicans to take ownership of the difficult choices ahead."

Paul Brandus: A grand canyon separates Obama and the GOP on the fiscal cliff.


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