1. FISCAL FIGHTIN’

    Obama ‘Absolutely’ Would Go Off Cliff

    In this Nov. 30, 2012, photo provided by CBS News Treasury Secretary Timothy Geithner answers questions about averting the "fiscal cliff" on an episode of  “Face the Nation” on Sunday, Dec. 2, 2012  Geithner said Republicans have to stop using fuzzy “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. (AP Photo/CBS News, Chris Usher)

    Chris Usher, CBS News / AP Photo

    Don’t they know everyone texts now? In the latest round of back-and-forth on the fiscal cliff, President Obama and House Speaker John Boehner talked on the phone Wednesday and announced they will soon have a face-to-face meeting. But don’t get too excited: there was no announcement of any deal—or even any hint of a compromise. Meanwhile, Treasury Secretary Timothy Geithner told CNBC on Wednesday that the president is “absolutely” ready to jump over the fiscal cliff if Republicans won’t budge on tax hikes for the wealthiest Americans.

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