With 27 days until billions in tax increases and across-the-board spending cuts, Washington seems to be nowhere close to a deal to avoid the fiscal cliff.
OutFront tonight: Republican Congressman Tom McClintock discusses the fiscal cliff.
The rich will pay more taxes, Boehner says
Taxes on the wealthy are going up, House Speaker John Boehner conceded Wednesday in challenging President Barack Obama to sit down with him to hammer out a deal for avoiding the fiscal cliff.
Obama, however, continued to insist on Republicans first ensuring no tax hike for anyone but the top 2% of Americans as a first step toward a broader agreement on tackling the nation's chronic federal deficits and debt.
The statements reflected how negotiations on the automatic spending cuts and tax hikes set to occur on January 1 - the fiscal cliff - have evolved since Obama's re-election last month.