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12/20/12

US Economy: Today's Republican 'Plan B' Vote: Part Of Posturing Or A Push Over The 'Fiscal Cliff?'-by Mark Memmott

With the House set to vote this afternoon on Republicans' "Plan B" for avoiding the so-called fiscal cliff, the questions that have been asked every day for weeks are being asked yet again, with added urgency:
Are we headed over that "cliff" of automatic spending cuts, tax increases and expiring job benefits? Or are President Obama and House Speaker John Boehner, R-Ohio, closer to a deal than they're letting on in public?

"Either we're one step closer to the cliff or this is just part of the 'two steps forward, one step backward' process that Congress and the White House have to go through," she told host David Greene. Both sides, she added, may just need to show they're "fighting as hard as they can before they make the ultimate compromise." So, Republicans have put forward their Plan B and the White House has threatened to veto it (though the odds seem low that it would be passed by the Democratic-controlled Senate).

Read more: Today's 'Plan B' Vote: Part Of Posturing Or A Push Over The 'Fiscal Cliff?' : The Two-Way : NPR

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