t a news conference on Thursday, House Speaker John Boehner (R-Ohio) suggested that President Obama is willing to "slow-walk" the U.S. over the impending fiscal cliff, adding that the reason Congressional Republicans have not yet reached an agreement with Obama is because "the president wants to pretend spending isn't the problem." In his latest offer to the GOP, President Obama reduced the amount of revenue he wants to collect from $1.6 trillion to $1.4 trillion, which includes raising the individual tax rates on the top 2 percent of earners. Boehner opposes the tax hike, and wants to overhaul the tax code instead to generate more revenue. Republicans also want more spending cuts, particularly in entitlement programs like Medicare.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Why ABC threw its Bachelor under the bus
- Why are so many elderly Asians killing themselves?
- 10 things you need to know today: March 12, 2014
- Why Ted Cruz is the real-life Frank Underwood
- Why I'm sick and tired of seeing naked women on HBO
- How rain helped the Mongols conquer Asia
- Here's proof that Justin Bieber is just as spoiled as you always thought
- Here's how Iran is covering Russia's invasion of Crimea
- What would a U.S.-Russia war look like?
- 22 TV shows to watch in 2014
Subscribe to the Week