Our fourth story OutFront: it's a showdown.
House Speaker John Boehner gave President Obama a taste of his own medicine today by putting out his own proposal for avoiding the fiscal cliff.
We've told you the details, but the main takeaway is that there are no tax rate increases included, which is why the White House was quick to dismiss the plan as "not serious" and "nothing new."
So now we've got two plans and no agreement – what's next? Newsweek/The Daily Beast Senior Columnist John Avlon is here to help us read between the lines.
CLICK THROUGH TO SEE ACCOMPANYING PANEL DISCUSSION FEATURING DEMOCRATIC STRATEGIST PAUL BEGALA AND REPUBLICAN STRATEGIST DAVID FRUM ON WASHINGTON'S VERSION OF "DEAL OR NO DEAL."
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