Cliff Diving

White House Rejects Boehner's 'Plan B'

So much for progress. House Speaker John Boehner said Tuesday that President Obama’s recent offer to avert the fiscal cliff is “not there yet.” Meanwhile, the White House rejected Boehner's "Plan B" to push a backup tax bill, saying that it woudln't pass the Senate. But Boehner is still hoping to reach a deal with the president. Boehner recently moved away from his tax increase aversion and offered to raise taxes on income over $1 million.