By ANDREW TAYLOR
Associated Press
WASHINGTON (AP) - House Speaker
John Boehner met with Treasury Secretary Tim Geithner on Thursday and
accused Democrats afterwards of failing to outline specific cuts to
avert a fiscal cliff that threatens to send the economy into recession.
"No substantive progress has
been made between the White House and the House" in the past two weeks,
the Ohio Republicans told reporters after the private meeting in his
Capitol office.
"I was hopeful we'd see a
specific plan for cutting spending and we sought to find out today what
the president really is willing to do," Boehner said.
Top Senate Republican Mitch McConnell of Kentucky also offered a pessimistic take following his separate meeting with Geithner.
"To date, the administration has
remained focused on raising taxes and attending campaign-style events,
with no specific plans to protect Medicare and Social Security or reduce
our national debt in a meaningful way," McConnell said in a statement.
"And today, they took a step backward, moving away from consensus and
significantly closer to the cliff."
Democrats countered that it's up to Republicans to offer a specific roster of spending cuts.
"Republicans know where we
stand," said Senate Majority Leader Harry Reid of Nevada. "We're still
waiting for a serious offer from Republicans."
Reid noted that polls show
strong public support for newly re-elected President Barack Obama's
proposal to extend all expiring tax cuts except for those that apply to
incomes over $200,000 for individuals and $250,000 for couples -
legislation that Boehner and other Republicans say would harm the
economy rather than help it.
The dueling news conferences
marked an acceleration in the pace of bargaining, if not in movement
toward an agreement on an issue that leaders of both parties say they
want to solve.
The speaker has said that
Republicans are willing to endorse higher tax revenues as part of any
deal to prevent across-the-board tax increases and spending cuts
scheduled to take effect at year's end, but only as part of a deal that
includes savings from Medicare and other government benefit programs.
Boehner spoke by phone with
Obama on Wednesday night, and said his remarks Thursday were the result
of that conversation, as well as the session with Geithner.
Geithner had a later session on
his schedule with Senate Republican Leader Mitch McConnell of Kentucky
as well as Congress' top Democrats.
On Wednesday, the two sides maneuvered for political position.
"We have not seen any good-faith
effort on the part of this administration to talk about the real
problem that we're trying to fix," said House Majority Leader Eric
Cantor, R-Va.
Obama is mounting a public
campaign to build support and leverage in the negotiations, appearing at
the White House with middle-class taxpayers and launching a campaign on
Twitter to bolster his position.
"Right now, as we speak,
Congress can pass a law that would prevent a tax hike on the first
$250,000 of everybody's income," Obama said. "And that means that 98
percent of Americans and 97 percent of small businesses wouldn't see
their income taxes go up by a single dime."
Obama is insisting that tax
rates go up on family income exceeding $250,000; Boehner is adamant that
any new tax revenues come from overhauling the tax code, clearing out
tax breaks and lowering rates for all.
Republicans are also demanding
significant cuts to so-called entitlement programs like Medicare, such
as an increase in the eligibility age for the program from 65 to perhaps
67.
At issue are steep,
across-the-board cuts to the Pentagon and domestic programs set to
strike the economy in January as well as the expiration of Bush-era tax
cuts on income, investments, married couples and families with children.
That combination of tax increases and spending cuts would wring more
than half a trillion dollars from the economy in the first nine months
of next year, according to the Congressional Budget Office.
No one anticipates a stalemate
lasting that long, but many experts worry that even allowing the
spending cuts and tax increases for a relatively brief period could
rattle financial markets.
From their public statements,
Obama and Boehner appear at an impasse over raising the two top tax
rates from 33 percent and 35 percent to 36 percent and 39.6 percent.
Democrats seem confident that Boehner ultimately will have to crumble,
but Obama has a lot at stake as well, including a clear agenda for
priorities like an overhaul of the nation's immigration laws.
Obama is also meeting privately
Thursday with his defeated Republican rival Mitt Romney. The president
has cast his victory over Romney as a sign that Americans back his tax
proposals, which were a centerpiece of his re-election campaign.
While in Washington, Romney also
met with his former running mate, Ryan. The Wisconsin congressman is
chairman of the House Budget Committee and involved in the fiscal cliff
discussions.
In a statement, Ryan said he is
"grateful to Governor Romney for the honor of joining his ticket this
fall, and I cherish our friendship. I'm proud of the principles and
ideas we advanced during the campaign and the commitment we share to
expanding opportunity and promoting economic security for American
families."
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Associated Press writer Julie Pace contributed to this report.
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