Speaker John Boehner (R-Ohio) and President Obama have exchanged new offers in the negotiations over the “fiscal cliff.”
“We sent the White House a counter-offer that would achieve tax and entitlement reform to solve our looming debt crisis and create more American jobs,” Boehner spokesman Michael Steel said.
Boehner’s office would not provide any details of the offer.
The Boehner offer came in response to a new White House proposal put on the table after Obama and Boehner met face-to-face on Sunday.
The new Obama offer contained $1.4 trillion in revenue, down from $1.6 trillion. Boehner in his new offer remained at $800 billion, a source confirmed.
The announcement of the offer came hours after Boehner took to the House floor to urge the White House to put more explicit spending cuts on the table.