1. ECONOMICS

    Boehner Pulls Plan B Bill

    WASHINGTON - NOVEMBER 16:  U.S. President Barack Obama (R) shakes hands with Speaker of the House John Boehner (R-OH) during a meeting with bipartisan group of congressional leaders in the Roosevelt Room of the White House on November 16, 2012 in Washington, DC. Obama and congressional leaders of both parties are meeting to reportedly discuss deficit reduction before the tax increases and automatic spending cuts go into affect in the new year.  (Photo by Olivier Douliery-Pool/Getty Images)

    Olivier Douliery, Pool / Getty Images

    A vote on Speaker John Boehner’s “Plan B” tax plan was abruptly pulled from a vote on the floor Thursday night. Boehner’s plan would have prevented tax hikes on all but those making more than $1 million a year, and would have extended the current tax rates for the rest of Americans. The White House has said that President Obama will veto the measure, and Senate Majority Leader Harry Reid said the GOP has “wasted an entire week on a number of pointless political stunts.” GOP Leaders cited a lack of support for the bill as the reason it was pulled.

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