Top Republican: will work with Obama to avoid fiscal cliff

WASHINGTON Wed Nov 7, 2012 3:37pm EST

U.S. House Minority Leader Nancy Pelosi (C) (D-CA) reacts as U.S. House Speaker John Boehner (L) (R-OH) helps hammer in her nail, as House Majority Leader Eric Cantor (R-VA) watches on, during a ceremony for the Presidential Inauguration construction on the west front of the U.S. Capitol in Washington, September 20, 2012. REUTERS/Jason Reed

U.S. House Minority Leader Nancy Pelosi (C) (D-CA) reacts as U.S. House Speaker John Boehner (L) (R-OH) helps hammer in her nail, as House Majority Leader Eric Cantor (R-VA) watches on, during a ceremony for the Presidential Inauguration construction on the west front of the U.S. Capitol in Washington, September 20, 2012.

Credit: Reuters/Jason Reed

Related Topics

WASHINGTON (Reuters) - Top U.S. Republican John Boehner said on Wednesday that Washington should find a short-term solution to avoid the fiscal cliff and then work on a substantive debt reduction plan in 2013.

The White House and lawmakers have less than two months to deal with the fiscal cliff or $600 billion worth of spending cuts and tax increases due to go into effect at the end of the year.

"We won't solve the problem of our fiscal imbalance overnight," Boehner said after President Barack Obama won a second term in the White House and Republicans won enough seats to maintain control in the House.

Acknowledging Obama's re-election victory, Boehner said House Republicans were willing to work with the White House and said they would accept new revenue under the right conditions.

"What we can do is avert the cliff in a manner that serves as a down payment on - and a catalyst for - major solutions, enacted in 2013, that begin to solve the problem," Boehner said in prepared remarks.

(Reporting by Richard Cowan, Rachelle Younglai)

FILED UNDER:
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (2)
Robert76 wrote:
It is about time for Boehner and his party to finally work with the President to solve this nation’s problems. They have spent 4 years saying “Hell No” to everything the President has tried to fix our problems. Maybe if he had been serving our country instead of serving Grover Norquist, we would be well on our way to healing this country.

I am ashamed to say I was once a Republican when I see Boehner and his ild trying to destroy this country because they cannot stand to see a Black President trying to fix a disfunctional country.

Nov 07, 2012 4:41pm EST  --  Report as abuse
Jaay wrote:
Republicans are now ready to restart their dirty politics. Every American should demand that the rich be taxed more. Corporations and the wealthy simply have not been paying their fair share. Americans must force Republicans to increase taxes. American corporations sitting on more than 2 trillion dollars in excess cash reserves should either create jobs, or be forced to pay a percentage of these reserves back to American taxpayers.

Nov 07, 2012 5:20pm EST  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

Recommended Newsletters

Reuters U.S. Top News
A quick-fix on the day's news published with Reuters videos and award-winning news photography and delivered at your choice of one of four times during the day.
Reuters Deals Today
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.
Reuters Technology Report
Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents.