Washington (Reuters) - the republican and the democratic congressional leaders on Friday meeting with President Obama promised to find common ground, in the tax and spending, so they can avoid a imminent "wealth cliff", can put the economy back into recession appeared.
Former Congressman for a group of first to reporters about more than a year of aides say, jointly determine the unity of project information.
Each party are offered to at least the "Taiwan" dear both problems for decades.
The two Democrats, senate majority leader harry Reid and Nancy pelosi, house minority leader, said they realize that it is necessary to cut costs.
, the republicans the speaker of the house of representatives John boehner and MaiKangNaiEr, who in the senate leadership of the party, said it has agreed to "income table", the two sides into may be a week before the tense negotiations on December 31 deadline.
Start on January 2,, about $600 billion value tax increases and spending cuts, including $109 billion in cut domestic and national defense plan, will start to play, if congress can not determine how to replace them less extreme deficit reduction measures.
Independent budget forecast says, failed to reach an agreement, may boost the U.S. economy into a recession, whooping unemployment.
Both sides are eager to, let people trust, Washington won't repeat the incandesce budget rattles consumers and investors support, last year.
"Our cornerstone, is the thing that could possibly work," Reid said, barack Obama, vice President Biden (Joe Biden) and other senior officials, lasted more than an hour after the meeting at the White House.
S&P 500 stock index has fallen by 4.7%, from November 6,'s election, because investors have turned their attention to financial cliff uncertainty.
But the market last Friday finished up politicians want to find common ground to avoid risk.
The conference marks the Obama and the Democrats, for the first time to sit down with his republican opposition, because he was re-elected last week.
"I think, we all know, we have some urgent business to do," Obama told reporters that the beginning of the meeting.
Room for compromise?
Obama said, the tax rate on the richest 2% of americans must increase, and republicans say they will not agree to any speed growth.
Republicans also eager to control medical expenses in the government, is expected in the next ten years explosion.
"We are prepared to put us to solve practical problems on the list of income," MaiKangNaiEr said, refers to the Medicare and other government welfare programs.
May be room for compromise.
Mr Obama may agree to allow the top rate will rise to less than 39.6%, he hope things. For example, policy makers, also can agree to increase the tax to limit family each year more than $500000 rather than $250000 limit for barack Obama.
Republicans Suggestions through the limit of the richest tax breaks, not to raise the interest rate to produce more income. Obama said, it will not be able to raise enough money.
Although the government may have a little bit of flexibility, softening budget cut, the effect of U.S. Treasury secretary Timothy · cover Turner (Timothy Geithner) in accepting bloomberg television last Friday, the Treasury do not have enough power, delay to increase taxes, will come into effect next year if the White House and congress failed to reach an agreement.
Business leaders said, economic uncertainty has heavy as an employer's employment and capital expenditure delayed, until they get a better understanding of the tax and consumption environment.
Pelosi, suggested the two sides may be reached a temporary agreement, will let them past fiscal year cliff, and give them more time to work out a more permanent solution. Lawmakers will almost certainly no time to restructuring medical insurance and before the end of the year behind the comprehensive reform of the tax law, but to do so after a preliminary agreement provides a framework.
"The speaker talked about a framework, to next year, my focus is on how we send messages to consumers of the ability of the market, in the short term,". Pelosi said.
Folk groups met at the White House with Obama, last Friday, leadership says President bush assured them that he would use his lever to cut the best trades may.
"His campaign tax fair fact, everyone do their own duty, country, especially the wealthy will find a way to make them fair contribution, said:" countries La Raza sir, the council a latino propaganda team, the President janet fourth-minute Moore.
Borna faced with a delicate balance, because he will have to sell any deal, rank and file the conservative, many people believe that they should be for their voters YaZhen tax.
But in Obama win re-election, democratic colleagues in the house of representatives and the senate seats last week, republicans may be more willing to, they can balance their own ideal and as a whole country needs.




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