Hirunews Logo
Obama+warns+of+%27Scrooge+Christmas%27
Saturday, 01 December 2012 - 20:10
Obama warns of 'Scrooge Christmas'
5

Shares
714

Views

US President Barack Obama has warned of a "Scrooge Christmas" if tax breaks are not renewed for working families in a deal to avert a so-called fiscal cliff.

Obama made the remarks as he tried to win public support for his plan on a visit to a toy-maker in Pennsylvania.

But Republican House Speaker John Boehner said talks with the White House had gone "almost nowhere".

He said President Obama's plan to raise 1.6 trillion dollars of revenue over 10 years was not a "serious proposal".

Economists warn, planned tax rises and spending cuts due to take effect on 1st January could send the US back into recession.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
News Image
Hiru News Programme Segments
716 Views
252 Views
1,779 Views
39,278 Views
2,803 Views
40,680 Views
Top