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Boehner: Fiscal cliff talks at an impasse
 
Boehner says he's "flabbergasted" at the Democrats' proposal that includes $1.6 trillion in increased tax revenues.
Boehner says he's "flabbergasted" at the Democrats' proposal that includes $1.6 trillion in increased tax revenues.
Alex Wong/Getty Images

House Speaker John Boehner (R-Ohio) on Wednesday said budget talks with the White House to avoid the fiscal cliff were at an impasse, citing President Obama's demand to raise $1.4 trillion in revenue by hiking tax rates for the wealthy and closing tax loopholes. "That cannot pass the House or the Senate," Boehner insisted. Boehner said he and Obama had spoken on the phone the previous day, and described the call as "deliberate" and "honest." He also expressed optimism that the two men would eventually get a deal done. "I was born with the glass half full," he said. "But we've got some big differences."

 

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