President Barack Obama and House Speaker John Boehner met for a third time at the White House to discuss averting spending cuts and tax increases before a year-end deadline.
Boehner and Obama met for almost an hour Thursday, with no public announcement of progress. In January, more than US$600-billion in spending cuts and tax increases, the so-called fiscal cliff, are scheduled to begin.
Lines of communication remain open
WASHINGTON (Reuters) - Just hours after proposing a budget that would replace automatic spending cuts required by law, President Barack Obama on Wednesday set in motion the next $109 billion of the reductions to military and domestic programs for the year starting on October 1.
President Obama is playing the media like a fiddle (more accurately like the fools they are). Countless mainstream media articles talk about the devastation that is sure to follow if the sequester cuts take place. Obama has even hyped this us with threats of cuts on vaccinations for children.
US President Barack Obama signed into law a compromise bill extending a payroll tax cut and jobless benefits through 2012, after a bitter partisan fight over how to pay for it.Congress approved the bill on Friday with broad bipartisan support, ending the contentious battle over a measure aimed at boosting the tepid US recovery -- and giving Obama a key election-year victory.The US president, who is seeking re-election in November, signed the bill in the Oval Office, a White House statement said.