On Friday, President Obama accused a "handful of Republicans" in the House of holding up legislation to extend tax cuts for middle class Americans in order to try to preserve the cuts for the wealthy. "It's not acceptable to me and I don't think it's acceptable to you," Obama said during a visit to a toy factory in Pennsylvania. The president has laid out a proposal to address looming budget issues that calls for a $1.6 trillion tax increase over 10 years, $50 billion in new spending in 2013, and a change that would give the White House new power to raise the federal debt limit. But Republicans say the president's offer is a step backward, though they have not detailed their own plan. UPDATE: Speaker John Boehner (R-Ohio) claimed that Obama's proposal is "not serious," leaving the negotiations at a "stalemate." He added, "Let's not kid ourselves. Right now, we're almost nowhere."
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- How a degree from Duke University dashed my dreams of buying a home
- Half the world's population lives in these 6 countries
- 10 things you need to know today: August 23, 2014
- This is why you can't trust the NSA. Ever.
- Why you should stop believing in evolution
- Innocent before proven guilty? The bizarre bipartisan rush to clear Rick Perry
- The secret to handling pressure like astronauts, Navy SEALs, and samurai
- ISIS and the echoes of the West's religious terror
- What Keeping Up with the Kardashians can teach America about interracial marriage
- Inside America's crumbling infrastructure
Subscribe to the Week