Boehner Rejects Obama ‘Cliff’ Offer

    WASHINGTON, DC - NOVEMBER 29:  U.S. Speaker of the House Rep. John Boehner (R-OH) speaks during a news conference November 29, 2012 on Capitol Hill in Washington, DC. Boehner spoke on his meeting with Secretary of Treasury Timothy Geithner saying the White House has to get serious on the fiscal cliff issue.  (Photo by Alex Wong/Getty Images)

    Alex Wong / Getty Images

    As the United States inches closer to the fiscal cliff, Republican House Speaker John Boehner appears to be standing his ground. The Wall Street Journal reports Boehner rejected the first fiscal cliff deal offer from President Obama in a meeting with Democratic Treasury Secretary Timothy Geithner Thursday. The proposal reportedly called for a $1.6 trillion tax increase, a $50 billion stimulus program, and new executive power to raise the federal debt limit without congressional approval. Boehner rejected the deal, adding he was "disappointed." While he's reluctant to budge on tax rates, Boehner blames the standoff on the opposition party. “Democrats have yet to get serious about spending cuts,” he said.

    Read it at The Wall Street Journal