Posted: Dec 21, 2012 2:17 PM by Associated Press
WASHINGTON (AP) - Senate leaders seem far apart on how to avoid the "fiscal cliff" -- at a time when House Speaker John Boehner (BAY'-nur) is calling on them to get more directly involved in that effort.
Just hours after rank-and-file Republicans kept Boehner from bringing to a vote a plan that would have raised taxes on incomes above $1 million, the speaker told reporters that "God only knows" how Congress and the White House might reach a deal.
Amid that pessimism, stocks have been sharply lower today.
Senate Democratic leader Harry Reid is calling for the House to vote on the president's plan to raise top tax rates on households making more than $250,000 a year.
Senate GOP Leader Mitch McConnell countered with an offer to vote on prior House legislation extending all Bush-era tax rates.
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