Obama, Boehner meet at the White House

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President Barack Obama (r) and House Speaker John Boehner. (AP Photo)

President Barack Obama (r) and House Speaker John Boehner. (AP Photo)

WASHINGTON (AP) – A White House official says President Barack Obama and House Speaker John Boehner (BAY’-nur) have met at the White House to discuss the pending fiscal cliff and deficit reduction.

Officials say the two met today for about 45 minutes.

Boehner is offering $1 trillion in higher tax revenue over 10 years and an increase in the top tax rate on people making more than $1 million a year.

The speaker also has offered a large enough extension in the government’s borrowing cap to fund the government for one year before the issue must be revisited – conditioned on the president agreeing to $1 trillion in cuts.

The offer was made Friday after a long impasse. It calls for about $450 billion in revenue from increasing the top rate on income over $1 million.

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