An agreement on the "fiscal cliff" may be near. On Friday, House Speaker John Boehner endorsed the idea of higher tax rates on upper incomes--a real concession that allowed serious negotiations to go forward. Over the weekend, he and President Obama spoke by telephone. On Monday, they met at the White House. They could reach an agreement within the next few days—not a detailed blueprint for legislation, mind you, but an agreement on the basic principles. Of course, all the usual caveat apply. Talks could break down all over again, congressional delegations could throw a fit, and so on.
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