'Cliff' movement? Obama, Boehner trade proposals
World BusinessDec 12, 2012
President Barack Obama and House Speaker John Boehner sought an elusive compromise Tuesday to prevent automatic economy-damaging tax increases and spending cuts at year's end, conferring by phone after a secretive exchange of proposals.Many economists say failure to reach a deal that would pull the U.S. economy back from the Jan. 1 ``fiscal cliff'' that would trigger a combination of tax increases and spending cuts could push the country back into economic recession.Details were sparse and evide