Fiscal Cliff Compromise Includes Deep Health Program Cuts

President Obama delivered a new offer to House Speaker John A. Boehner in an effort to to resolve the pending fiscal crisis.  The deal, which would raise revenues by $1.2 trillion over the next decade, includes $400 billion in cuts to federal health programs.

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Obama, Boehner Discuss Fiscal Cliff

President Barack Obama and House Speaker John Boehner met Sunday at the White House to discuss the ongoing negotiations over the impending fiscal cliff, the first meeting between just the two leaders since they both won re-election.

Obama has been pushing higher tax rates on the wealthiest Americans as one way to reduce the deficit, a position Boehner and other House Republicans have been steadfastly against. Republicans are demanding steeper cuts in costly government entitlement programs like Medicare and Social Security.

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Medicare, Medicaid Impacted By Fiscal Cliff

President Barack Obama and Republican House Speaker John Boehner conferred yesterday, discussing how to avert the “fiscal cliff” which looms as the end of the year approaches.  Obama and Boehner appear at an impasse over raising the two top tax rates from 33% and 35% to 36% and 39.6%.  Lawmakers are also at odds over how to curb the rapid growth of benefit programs like Medicare and Medicaid.