Political party leaders continue budget talks as political powers wrestle with cuts

Obama closing deal with Republican fiscal cliff negotiation positions

Obama meets top Republican on fiscal cliff talks

AFP – US President Barack Obama held fresh talks with top Republican lawmaker John Boehner at the White House on Monday, in their latest effort to reach a deal to avoid the so-called fiscal cliff. “The president and Speaker Boehner are meeting at the White House to continue their discussions about the fiscal cliff.

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Millions of families and businesses will get hit by big tax increases a lot sooner than many realize if Congress and the White House don’t agree on a plan to skirt the year. Diving off the so-called fiscal cliff with no Plan B at the ready is perilously risky, most Americans would agree. But what about a controlled, temporary fall? It is an option that the White House and Republican leaders are scrambling to avoid, through tense 11th-hour negotiations to strike a deal.