10 things you need to know today: December 3, 2012

Fiscal cliff talks hit a wall, the U.N. chief warns Israel over settlement plans, and more in our roundup of the stories that are making news and driving opinion

U.N. Secretary General Ban Ki-moon at a press conference with Israeli Prime Minister Benjamin Netanyahu on Nov. 20 in Jerusalem.
(Image credit: Lior Mizrahi/Getty Images)

1. FISCAL CLIFF NEGOTIATIONS HIT A WALL

At the start of the final month before the nation reaches the fiscal cliff, Republicans and Democrats remain deadlocked over the question of whether to raise taxes on the rich. Both sides were confrontational on Sunday political talk shows. House Speaker John Boehner said Republicans had offered a way to reach a compromise to reduce the deficit and avoid damaging automatic tax hikes and spending cuts at year's end — raising revenue by eliminating deductions that overwhelmingly benefit the wealthy. Treasury Secretary Timothy Geithner rejected that idea, saying that the GOP has to accept a deal that makes the wealthy pay higher tax rates. "There's no path to an agreement that does not involve Republicans acknowledging that rates have to go up on the wealthiest Americans," Geithner said on NBC's Meet the Press. [Washington Post]

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.