No weekend away from talks about avoiding the fiscal cliff

5:58 PM, Dec 9, 2012   |    comments
AP file
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(KSDK) - President Obama and House Speaker John Boehner met at the White House today for another round of talks to avert the fiscal cliff.

Both sides say they're keeping the lines of communication open. But there's no word of a breakthrough.

The tax and spending stalemate is now just over three weeks away.

Meanwhile, one by one, Republicans are bowing to the president's demand that taxes go up for the wealthy.

"And so will I accept a tax increase as a part of a deal to actually solve our problems? Yes," says Senator Tom Coburn, (R) Oklahoma.

Senator Bob Corker, (R) Tennessee, says "We don't have a lot of cards as it relates to the tax issue before year end. I mean, we have one house, that's it. The presidency and the senate in the democrat's hands."

Democrats insist taxes are going up on the rich no matter what.

"If you don't increase tax rates on the highest two percent of income earners you cannot generate enough revenue to have meaningful deficit reduction," says Rep. Dick Durbin, (D) Illinois.

Republicans want big spending cuts to programs like Medicare and Social Security.

Rep. Kevin McCarthy, (R) California, says "We don't want to be back here in another year, in another 10 years answering the same questions."

Lawmakers are eager to wind down this crisis and head home for the holidays, but both sides are hoping to claim victory in this fight.

KSDK

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