Sunday, December 23, 2012

Hill GOP cool to Obama overtures

The scope of a potential fiscal cliff deal narrowed dramatically Friday as President Barack Obama called on Congress to at least pass a scaled-down agreement that preserves the middle-class tax cuts and unemployment insurance.

The president’s pivot toward a smaller package is a recognition that the chances of reaching a grand bargain before the new year diminished greatly after House Republicans revolted on Thursday. But even a narrow proposal to avert the fiscal cliff won’t be easy to pass through Congress.

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