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
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.