Hill Leaders Voice Confidence in Debt Deal - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Hill Leaders Voice Confidence in Debt Deal

Posted:
From left are, Treasury Secretary Timothy Geithner, House Speaker John Boehner of Ohio, President Barack Obama, and Senate Majority Leader Harry Reid of Nev. (Photo: AP) From left are, Treasury Secretary Timothy Geithner, House Speaker John Boehner of Ohio, President Barack Obama, and Senate Majority Leader Harry Reid of Nev. (Photo: AP)

WASHINGTON (AP) — Congressional leaders are expressing confidence they can reach a deal with President Barack Obama to head off the "fiscal cliff" and the risk of a new recession.

The top members of the House and Senate spoke at the White House after a closed-door session with Obama. At issue is a series of tax increases and spending cuts that could undermine the economy and slow job creation starting Jan. 1.

House Speaker John Boehner and Senate Minority Leader Mitch McConnell both said they offered higher tax revenue as part of a deal. Boehner said he outlined a framework that is consistent with Obama's call for a "balanced" approach of both higher revenue and spending cuts.

Senate Majority Leader Harry Reid said, quote, "We all know something has to be done."

  • Delmarvawide NewsDelmarvawide News

  • Wednesday, May 22 2013 7:56 PM EDT2013-05-22 23:56:25 GMT
    Ocean City police are gearing up for the beach season, one pedestrian at a time.
    Ocean City police are gearing up for the beach season, one pedestrian at a time.

  • Wednesday, May 22 2013 6:39 PM EDT2013-05-22 22:39:06 GMT
    MARYLAND- A new law approved by Governor O'Malley is designed to make homes a little safer.  Starting July 1st, battery-operated smoke detectors will be required to be run by ten-year lasting lithium batteries.
    A new law approved by Governor O'Malley is designed to make homes a little safer.  Starting July 1st, battery-operated smoke detectors will be required to be run by ten-year lasting lithium batteries.  The law says all homes in Maryland are required to have the new smoke detectors by 2018.

  • Wednesday, May 22 2013 9:08 PM EDT2013-05-23 01:08:50 GMT
    DOVER, Del. (WBOC) - Delaware's obsession with low-number license plates is easy to see. All you have to do is drive down any road in the first state. But there's another low-number obsession that's less
    Right now you have the opportunity to be a part of it for free.
Powered by WorldNow

All content © Copyright 2000 - 2013 Worldnow and WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service