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Dems signal Obama flexibility on spending

Republican House Speaker John Boehner is offering to let taxes rise on wealthy Americans' investment income and dividends as part of a deal to avert the "fiscal cliff," officials said Monday amid signs that President Barack Obama is ready to make a key concession of his own in urgent, high-level...

By David Espo | Updated on December 17, 2012
House Speaker John Boehner, R-Ohio. (AP Photo/J. Scott Applewhite, File)

WASHINGTON (AP) — Republican House Speaker John Boehner is offering to let taxes rise on wealthy Americans’ investment income and dividends as part of a deal to avert the “fiscal cliff,” officials said Monday amid signs that President Barack Obama is ready to make a key concession of his own in urgent, high-level negotiations.

On a day the two men met for about 45 minutes at the White House, officials said they detected a receptiveness by the administration side to proposals to slow the growth of annual cost-of-living benefits paid to recipients of Social Security and other government retirement programs.

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