Fiscal Cliff Talks Center on $2 Trillion Proposal

President Obama and House Speaker Boehner “are discussing a $2 trillion framework on a deal to avert the fiscal cliff, that would include roughly a trillion in tax increases and roughly a trillion in savings from entitlement programs,” CNN reports.

“Boehner and the president met in person on Monday, but sources familiar with the talks indicate that the framework under discussion is what Republicans are pushing to get to agreement, but it’s unclear whether the make up of the $2 trillion framework could get support from Democrats.”

Wall Street Journal: “While the White House objected to major parts of the proposal, senior Democrats described it as a tipping point that moves talks away from deadlock. Instead, it cleared the way for both sides to engage in nitty-gritty haggling over exactly where the new income threshold might be set and what should comprise the spending cuts.”

Meanwhile, a new USA Today/Gallup Poll finds 66% said both sides should compromise “on their principles and beliefs on tax increases and spending cuts.”