Obama and Boehner Meet for Budget Talks

President Barack Obama and House Speaker John Boehner met for 50 minutes today at the White House on the budget stalemate.

Treasury Secretary Timothy Geithner also attended the meeting, according to an administration official who sought anonymity. The White House and Boehner’s office released almost identical statements that said the meeting was “frank” and that “the lines of communication remain open.”

Earlier today, Boehner repeated his insistence that the president’s budget proposal is “anything but” balanced, and accused Obama of not being serious about cutting spending.

Still, the speaker, during his weekly news conference, didn’t rule out allowing a House vote on extending tax cuts for income up to $250,000 a year for married couples, as Obama has demanded, if a broader tax-and-spending deal isn’t reached soon.

via Bloomberg

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.