CONGRESS

Boehner: 'No Substantive Progress' on Cliff

Updated: November 29, 2012 | 12:54 p.m.
November 29, 2012 | 11:54 a.m.

John Boehner (J. Scott Applewhite/AP)

House Speaker John Boehner says "no substantive progress" has been made in two weeks in fiscal cliff talks between the House and White House.

  • "I'm disappointed where we are -- disapppointed what's happened over the last two weeks," said Boehner.
  • He said he makes this negative assessment, despite meeting Thursday with Treasury Secretary Timothy Geithner and talking with President Obama by phone Wednesday night.
  • Boehner's statement comes as a Jan. 1 deadline looms to avert tax hikes and spending cuts that could send the economy into a recession.

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