December 12, 2017
Friday, November 9, 2012

Obama plans 'fiscal cliff' statement

President Barack Obama will join the battle over the US "fiscal cliff" today for the first time since voters gave him a second term in office.

Obama is to make a statement from the East Room of the White House at 1:05 p.m. EST. His opening move in what is expected to be a tense negotiation to avert the so-called "fiscal cliff" was telegraphed yesterday by a top adviser, David Plouffe, who claimed a mandate from Tuesday's election victory to raise taxes on the wealthy.

That set up a clash with the Republican-controlled House of Representatives, whose leader, Speaker John Boehner, reiterated on Thursday his opposition to any increase in tax rates.

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Tags:  Obama  US  voters  fiscal cliff  statement  

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