Fiscal cliff update: Obama not ready to accept Boehner deal to raise taxes on top earners
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President Barack Obama is not ready to accept a new offer from the Republican leader of the U.S. House of Representatives to raise taxes on top earners in exchange for major cuts in entitlement programs, a source said late on Saturday.
The shape and details of Boehner's offer were uncertain Saturday night, as was the exact reason the president was prepared to reject it.
The source said...