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President, Boehner Closer To A Deal

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WASHINGTON D.C. -

President Obama and House Speaker John Boehner continue their back and forth negotiations over the impending fiscal cliff. The President and Speaker Boehner talked on the phone with each other last night. The White House lowered the amount of revenue it wants to generate from taxes from 1-point-6 trillion to 1-point-4. Republicans say they are still waiting to hear from the President which specific cuts to entitlements the Democrats can accept.