Republican congressional leaders have sent a new proposal to the White House as part of the negotiations aimed at preventing America being forced over the fiscal cliff on January 1.
President Barack Obama and the leader of the Republicans in the House of Representatives have met in the latest attempt to break the stalemate in the fiscal crisis negotiations that could propel the US back into recession if no deal is secured by 1 January.
Bloomberg TV's Julianna Goldman spoke with President Obama Tuesday to discuss the fiscal cliff and his efforts to compromise with Republican leaders.
Barack Obama has rejected the latest proposal from Republican leaders on how to avoid the fiscal cliff, dismissing their offer as unbalanced and based on faulty calculations.
Talks between the White House and congressional Republican leaders over the pending fiscal crisis have hit the buffers, with no sign of compromise on either side and with just 29 days to go before the advent of automatic spending cuts and tax increases that economists say could propel the US into another recession.
John Boehner, the Republican speaker of the US House of Representatives, has dismissed the latest White House proposals on the fiscal cliff negotiations, declaring them "not serious".
The first serious proposals from the White House to solve the looming "fiscal cliff" of tax rises and budget cuts appear to have been rejected out of hand by Republican leaders in Congress.
President Obama's proposal to extend the middle-class tax cuts before reforming the tax code and entitlements is a "sucker's game," billionaire investor Wilbur Ross told CNBC Thursday.
Rangers host Feyenoord at Ibrox in the Europa League this evening.
The Celtic defender gave away a clear penalty that put the Hoops behind on the night.
Chelsea midfielder Ross Barkley missed a crucial spot kick against Valencia, as Frank Lampard's side slipped to defeat.
Eden Hazard, who left Chelsea in the summer of 2019, was in action for Real Madrid against Paris Saint-Germain on Wednesday.
Liverpool have made a 100% start to the Premier League season and they will be looking to maintain that at the weekend despite suffering a defeat to Napoli on the opening night of the Champions League.
Joao Cancelo made his first Champions League appearance for Pep Guardiola's Manchester City during a 3-0 win at Shakhtar Donetsk.
Everton boss Marco Silva has faced a great deal of criticism after his side were beaten last weekend.
Serge Atakayi was the hero for Ibrox side Glasgow Rangers on Wednesday.
Tottenham Hotspur loanee Jack Clarke could potentially be returning back to his parent club in January because his game time at Leeds United has completely dried out.
Scottish Premiership powerhouses Rangers let Lee Hodson leave Ibrox this summer before he signed a contract with Gillingham.
President Barack Obama has been accused by a senior Republican of being eager to take the US over the fiscal cliff for political gain, as Washington edges closer to a year-end deadline with no deal in sight.
Barack Obama left Washington with his family for a Christmas break in Hawaii on Friday night, an acknowledgment that weeks of negotiation over the economy's looming crisis had ground to a halt.
The stand-off between the White House and Congress over the 'fiscal cliff' turned into a full-blown crisis on Thursday night when Republican House Speaker John Boehner was publicly humiliated, unable to command enough support to secure passage of his own bill.