From the President’s Office – 12/13/2012
As another week is coming to a close, we are still teetering on the fiscal cliff. This week, I was hoping to give you some details on what has been happening in the Federal government with regards to the cliff. Unfortunately, there really aren’t any meaningful details to share at this stage of the game.
The White House and Speaker Boehner continue to swap budget proposals and inch towards each other – but are still, unfortunately, hundreds of billions of dollars apart on a deal for revenues (tax increases) and entitlement reform savings. However, the good news is that confidential discussions are on-going and the posturing has been reduced so hopefully progress is being made. If a deal is not struck in the next few days, then Congress will have to stay in session throughout the holidays to finalize a deal by January 1.
I am very much looking forward to participating in the opening of Bigelow Laboratory’s new Ocean Science and Education Campus in East Boothbay, Maine tomorrow. And yes, I have my winter coat with me! More information to come on the event next week.
Enjoy the weekend while finishing up your holiday shopping.