House Republicans unveil new fiscal cliff offer
WASHINGTON (Reuters) - U.S. House of Representatives Republican leaders on Monday called for $2.2 trillion in new deficit-reduction over 10 years in their latest effort to avert an end-of-year fiscal cliff.
When counting deficit reductions enacted last year and anticipated savings from winding down the wars in Iraq and Afghanistan, the package would amount to $4.6 trillion in savings over a decade, according to House Republicans.
House Speaker John Boehner and six other House Republican leaders made the offer in a letter to President Barack Obama.
- South Korea recovers first bodies from inside sunken ferry
- Japan expands army footprint for first time in 40 years, risks angering China
- Prosecutors extend Korea ferry captain's detention as death toll mounts |
- South Korea recovers first bodies from inside sunken ferry |
- Mediator heads to east Ukraine, seeking surrenders |