US 'fiscal cliff' talks turn sour, Obama threatens veto
In the absence of a bipartisan agreement, the Republican leadership of the House plans to move a bill of its own to the floor Thursday to avert the steep tax hikes and budget cuts set for January.
But instead of serving as a show of unity for Republicans in their wrangling with Democratic President Barack Obama, the so-called Republican "Plan B," which was still evolving late Wednesday, was exposing internal fractures because it includes a tax hike on those earning $1 million or more, dividing anti-tax conservatives.
The planned action by Republicans angered President Barack Obama Wednesday, who accused opponents of holding a personal grudge against him.
As a year-end deadline nears, Obama and House of Representatives Speaker John Boehner are locked in intense bargaining over a possible deal to avoid the so-called fiscal cliff of harsh tax hikes and spending cuts that could badly damage an already weak economy.
Obama said he was puzzled over what was holding up the talks and told Boehner's Republicans to stop worrying about scoring "a point against the president" or forcing him into concessions "just for the heck of it." "It is very hard for them to say yes to me," he told a news conference in
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