Comments on:

White House seeks tax hike now, spending cuts later

Back to the article » By |
The White House on Thursday offered House Republicans a deal that would raise $1.6 trillion in tax revenue in exchange for $400 billion in spending cuts that would "come later," according to a top GOP aide. Not surprisingly, the deal isn't sitting well with Republicans. One called the offer "a joke." The deal, which Treasury Secretary Timothy Geithner offered in separate visits with...