Obama pushes tax plan in Pennsylvania amid budget clash
President Obama urged extending middle class tax rates while raising taxes on the wealthy as part of a balanced deficit plan. House Speaker Boehner called talks nearly deadlocked as both sides push for a deal to avert year end tax hikes and spending cuts. The Rodon Group tour highlighted middle class consumers amid negotiations and debt limit questions.
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House backs advanced degree visas in STEM effort
The U S House approved the STEM Jobs Act to grant green cards to foreign students with advanced science and math degrees, a limited step amid a looming immigration fight. Support from high tech groups and some Republicans faced Democratic opposition over offsets to visa programs and the Diversity Visa Lottery.
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Obama and Boehner seek fiscal cliff leverage talks stall
As negotiations approach the December deadline, President Obama and House Speaker Boehner vie for leverage with no clear path. Divided parties trade barbs over tax hikes and spending, while Republicans hint at revenue talks and entitlement reform before any deal to avert the cliff.
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