Republicans still keen on fiscal dialogue with Obama | Bangkok Post: news

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Republicans still keen on fiscal dialogue with Obama

Republican leaders, chastened by a failure to get conservatives to back a tax hike on millionaires, said Friday they were not walking away from negotiations with President Barack Obama on resolving a looming fiscal crisis.

US Speaker of the House John Boehner arrives at his weekly news conference on Capitol Hill in Washington, DC, on December 20, 2012. Republican leaders, chastened by a failure to get conservatives to back a tax hike on millionaires, said Friday they were not walking away from negotiations with President Barack Obama on resolving a looming fiscal crisis.

House Speaker John Boehner's "Plan B" tax bill crashed to defeat Thursday night when he realized he did not have the necessary votes, but, despite the setback, he and his number two Republican in the chamber both insisted it was now up to Obama to compromise in order to secure a year-end deal.

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