The back-and-forth continues, but little information is known about what is being offered.
“We sent the White House a counter-offer that would achieve tax and entitlement reform to solve our looming debt crisis and create more American jobs,” said Boehner spokesman Michael Steel. “As the Speaker said today, we’re still waiting for the White House to identify what spending cuts the president is willing to make as part of the ‘balanced approach’ he promised the American people. The longer the White House slow-walks this process, the closer our economy gets to the fiscal cliff.”
Boehner’s office declined to specify what exactly was in the offer. A White House spokesman did not immediately return a request for comment.
One plugged-in Senate aide said that the sticking point remains income tax rates, and whether the speaker can get a deal that forces the wealthy to pay more while relying predominantly on Republican votes. The other major sticking point is what type of spending cuts and entitlement reforms Boehner is demanding in return for bending on those top-end tax rates.