The haggling to avert a fiscal cliff brings more movement, with President Obama offering to...

|By:, SA News Editor

The haggling to avert a fiscal cliff brings more movement, with President Obama offering to limit tax increases to those earning over $400K - up from his long-held desire of $250K but well below John Boehner's proposal of $1M. The latter's aides say the offer represents "a step in the right direction" but is too heavy on the tax revenues and too light on the spending cuts.