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"Cliff' hanger White House waiting on GOP move

"Cliff' hanger White House waiting on GOP move

December 3rd, 2012 in News

WASHINGTON (AP) - Republicans have to stop using "political math" and say how much they are willing to raise tax rates on the wealthiest 2 percent of Americans and then specify the spending cuts they want, Treasury Secretary Tim Geithner said in an interview that aired Sunday.

Just four weeks from the proverbial "fiscal cliff," House Speaker John Boehner countered that Republicans have a plan for providing as much as $800 billion in new government revenue over the next decade and would consider the elimination of tax deductions on high-income earners. But when pressed on "Fox News Sunday" for precise details, the Ohio Republican declined to say.

There are "a lot of options in terms of how to get there," Boehner said.