Boehner Proposes Debt Ceiling Lift

    House Speaker John Boehner of Ohio gestures during a news conference on Capitol Hill in Washington, Thursday, Dec. 13, 2012, where he accused President Barack Obama of not being serious about cutting government spending. Boehner is insisting that Obama wants far more in tax increases than spending reductions and appears willing to walk the economy "right up to the fiscal cliff."   (AP Photo/J. Scott Applewhite)

    J. Scott Applewhite/AP

    As the dreaded fiscal cliff date draws nearer, lawmakers are pushing compromises. On Friday, House Speaker John Boehner offered to push the fight over the federal debt limit off for a year, according to sources familiar with the talks. This is seen as a concession for Republicans, who planned to use the threat of default as leverage for getting more spending cuts out of Obama. Boehner is also proposing to raise taxes for millionaires, but the White House has rejected the offer, saying the amount raised is not significant enough. Either way, progress is progress and we could be inching closer to a deal.

    Read it at The Washington Post