Economy
12:10 pm
Wed December 12, 2012

Senator Patty Murray On The Fiscal Cliff

In the other Washington, lawmakers are still trying to reach a deal to avoid the "fiscal cliff," a series of sharp tax increases and spending cuts taking effect January 1. House Speaker John Boehner and President Obama spoke on the phone yesterday, a day after the president offered to reduce his initial demand for $1.6 trillion in higher tax revenue over a decade to $1.4 trillion.

Obama wants much of the revenue to come from raising tax rates on the wealthy. House Speaker John Boehner has accused the White House of stalling the negotiations. Central to a final settlement is Washington’s senior senator, Patty Murray. Ross Reynolds speaks with Senator Patty Murray about the looming fiscal cliff.

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