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House Speaker Boehner Pressures Obama

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Republican House Speaker John Boehner has issued a statement where he says it is his party who is waiting for the White House to identify the spending cuts needed to avoid the fiscal cliff.

House Speaker John Boehner accused President Barack Obama on Tuesday of dragging his feet in “fiscal cliff” negotiations, while Rep. Nancy Pelosi pressed for a vote on a tax increase for the wealthy.

“We’re still waiting for the White House to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the American people,” Boehner told Congress. “Where are the president’s spending cuts?”

His comments sent markets lower.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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