Oil prices are back on the rise as it appears that both sides of the fiscal cliff negotiations are willing to give a little bit. Obama met House Speaker John Boehner somewhere in the middle as the President relented on his demand to raise taxes on individuals earning more than $200,000 and families making more than $250,000 and is now offering to raise it to those making $400,000 and more. That comes on the day after the Speaker Boehner offer included $1 trillion in higher tax revenue over 10 years and to raise taxes on incomes over $1 million and a one-year extension of the nation's borrowing limit with the requirement that the president accept $1 trillion in spending cuts.
Read More on International Business Times
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
