‘Fiscal cliff’ deal closer as Obama-Boehner talks accelerate
WASHINGTON — Negotiations to prevent the year-end budget crisis accelerated Monday as President Obama and House Speaker John A. Boehner convened privately at theWhite House in what was widely regarded as a sign that a deal could be within reach.
Differences remain, but the quickened pace of the talks, with new offers from both sides, suggested a serious effort to cut through the partisan divide and strike an agreement.
Obama made a counteroffer that brought the two even closer together. The president offered to raise rates only on income above $400,000, according to a source familiar with the talks who was not authorized to speak publicly about the negotiations.
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