Now that House Speaker John Boehner’s “Plan B” for addressing the fiscal cliff “has crashed and burned, the top U.S. Republican appears to have two remaining options — wash his hands of the entire matter or negotiate a compromise with Democrats that could abandon scores of his fellow Republicans,” Reuters reports.
“The Republican rank and file and Democrats may face an equally stark choice: work together for a change, or plunge together off the cliff.”
Washington Post: “Following the latest breakdown in negotiations, Democrats said Boehner
should return to the bargaining table with Obama — or just let House
Democrats and 25 or so Republicans vote for a Senate-approved plan to
extend tax cuts for the middle class. But Republicans said the well has
been so poisoned that restarting bipartisan talks would be more
difficult than ever.”
Wonk Wire: Low expectations for a fiscal cliff deal.
