
Published December 03, 2012
| Reuters
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Developing: U.S. House of Representatives Republican leaders on Monday called for $2.2 trillion in new deficit-reduction over 10 years in their latest effort to avert an end-of-year fiscal cliff.
When counting deficit reductions enacted last year and anticipated savings from winding down the wars in Iraq and Afghanistan, the package would amount to $4.6 trillion in savings over a decade, according to House Republicans.
House Speaker John Boehner and six other House Republican leaders made the offer in a letter to President Barack Obama.
Click here to read the full letter.
http://www.foxbusiness.com/government/2012/12/03/gop-lawmakers-very-little-common-ground-in-obama-budget-plan/