Boehner fiscal cliff dec 2012

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Fiscal cliff: Obama rejects Boehner's 'Plan B' (UPDATE)

Boehner announced Republican's "Plan B" Tuesday in response to Obama's compromise on taxing the wealthy.

Sen. Majority Leader Reid: We're headed over the fiscal cliff

Harry Reid, the Senate majority leader, lambasted John Boehner for not pushing through a fiscal cliff deal.

Speaker of the House of Representatives, John Boehner, R-OH, speaks to the press December 18, 2012 on Capitol Hill in Washington, DC. After making major concessions on long-held 'fiscal cliff' positions, US President Barack Obama and Boehner will test the reaction Tuesday of their respective parties in the Congress and continue talks aimed at further narrowing their differences.

Karen Bleier

AFP/Getty Images