Nov 16, 2012
By Michael Kramer
An important note of optimism today in Washington.
U.S. congressional leaders are expressing confidence they can reach a deal with President Barack Obama to head off the so-called “fiscal cliff” and the risk of a new recession.
After a session with Obama the top members of the House and Senate weighed- in on America’s financial future.
House Speaker John Boehner and Senate Minority Leader Mitch McConnell both said they offered higher taxes as part of a deal, and Boehner outlined a framework that is consistent with Obama’s call for a balanced approach of both higher revenue and spending cuts.
Stocks on Wall Street rose after the meeting.