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Stocks Bounce Off Lows After Boehner Comments
Posted By yihan On December 21, 2012 @ 11:38 am In Money Watch | Comments Disabled
December 21, 2012
Stocks remain down but have bounced off their worst levels following comments from House Speaker John Boehner that he was not ruling out working with Democrats to address the country’s fiscal problems after his Plan B” to avert the looming “fiscal cliff” collapsed.
Speaker Boehner said in a press conference this morning that the failure to vote on the tax bill was not the outcome he wanted. “Unless the President and Congress take action,” Boehner said, “tax rates will go up on every American taxpayer and devastating defense cuts will go into effect in 10 days.”
With time running short to find a solution before Christmas, the White House said it would work with Congress to avoid the series of tax increases and spending cuts set to kick in at the start of next year. President Barack Obama said he was hopeful a deal can be reached quickly.
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URLs in this post:
 CNBC: http://www.cnbc.com/id/100334337
 Boehner pulls the plug on ‘Plan B’: http://www.prisonplanet.com/boehner-pulls-the-plug-on-%e2%80%98plan-b%e2%80%99.html
 Boehner’s House Has Increased Debt $18,944 Per Household: http://www.prisonplanet.com/boehner%e2%80%99s-house-has-increased-debt-18944-per-household.html
 Boehner “Absolutely” Trusts Obama; Says Debt Isn’t a Crisis: http://www.prisonplanet.com/boehner-%e2%80%9cabsolutely%e2%80%9d-trusts-obama-says-debt-isn%e2%80%99t-a-crisis.html
 John Boehner Can’t Think Of A Single Government Program He Would Cut: http://www.prisonplanet.com/john-boehner-cant-think-of-a-single-government-program-he-would-cut.html
 Fire John Boehner – America Watched Boehner Fold Like A 20 Dollar Suit So Boehner Must Go In 2012: http://www.prisonplanet.com/fire-john-boehner-%e2%80%93-america-watched-boehner-fold-like-a-20-dollar-suit-so-boehner-must-go-in-2012.html
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