WASHINGTON (AP) — House Speaker John Boehner signaled on Friday he's still open to negotiations with President Barack Obama on avoiding across-the-board tax increases set to hit taxpayers Jan. 1, but sounded pessimistic about reaching a grand deal with the president.
"How we get there, God only knows," Boehner told a Capitol Hill news conference just hours after his rank-and-file handed him a stunning tactical defeat.
The Republican leader was forced by his members to abandon legislation that would have raised taxes on millionaires. "We didn't have the votes to pass it," Boehner said glumly.
In the aftermath, Boehner said any deal with the president to avoid the looming "fiscal cliff" would require more compromise by Obama and greater involvement of Senate Majority Leader Harry Reid, D-Nev., and the minority leader, Mitch McConnell, R-Ky.
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