President Obama and House Speaker John Boehner (R-Ohio) have begun stepping up negotiations on avoiding the "fiscal cliff," a series of deep spending cuts and expiring tax breaks that start taking effect in January. The White House and Boehner's office held more negotiations on Monday to follow up on a meeting between Obama and Boehner over the weekend, even as Obama prepared to make a fresh pitch to American workers on Tuesday for his proposal to reduce the deficit — and avoid the fiscal cliff — with the help of tax hikes on the rich. People close to the talks say they have progressed over recent days, albeit slowly. Republicans appear resigned to accepting tax hikes and Democrats to swallowing reductions in Medicare spending in exchange — the haggling is over the details.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- The mystery behind China's aggressive push into space
- Here's the schedule very successful people follow every day
- Why Texas' abortion rates aren't falling as quickly as everyone expected
- What would a U.S.-Russia war look like?
- The 5 best and worst states for a well-lived life
- What religious traditionalists can teach us about sex
- The 6 best low-cost smartphones
- Why all drugs should be legal. (Yes, even heroin.)
- Yes, Republicans can impeach President Obama
- How to trim $500 from your monthly spending
Subscribe to the Week