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Fiscal Cliff talks progress

Published 12/02/2012, Worthington Daily Globe

Geithner invites GOP counteroffer
WASHINGTON (AP) — President Barack Obama is ready to entertain Republican proposals for spending cuts, but GOP lawmakers must first commit to higher tax rates on the rich and specify what additional spending cuts they want in a deal to avoid the looming “fiscal cliff,” Treasury Secretary Timothy Geithner said.

Word count: 654

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