House Speaker John Boehner's "major defeat" Thursday night — when he had to pull his "Plan B" to extend Bush-era tax cuts for nearly all American taxpayers because he couldn't get enough support from his fellow Republicans — means negotiations about avoiding the so-called fiscal cliff remain at an impasse.
House Speaker John Boehner was dealt a major defeat Thursday night. After spending most of the week trying to round up votes for his "Plan B" to extend tax cuts for virtually everyone, he pulled the measure without a vote and sent the House home for Christmas. The clock keeps ticking toward the end of the year, when automatic tax increases and spending cuts are set to hit.
Early Thursday, Boehner expressed confidence not only that his bill would pass but that the Democratic-controlled Senate would feel so much pressure, it would be forced to consider it, too.