Former White House chief of staff Erskine Bowles, co-chairman of the National Commission on Fiscal Responsibility and Reform, speaks to reporters on Capitol Hill in Washington on Wednesday following a closed-door meeting with House Speaker John Boehner.By DAVID ESPO
AP Special Correspondent
WASHINGTON – The White House and a key congressional Democrat hinted at fresh concessions on taxes and cuts to government benefit programs Wednesday as bargaining with Republicans lurched ahead to avoid the year-end “fiscal cliff” that threatens to send the economy into a tailspin.
Increasing numbers of rank-and-file Republicans also said they were ready to give ground, a boost for House Speaker John Boehner and other party leaders who say they will agree to higher tax revenues as part of a deal if it also curbs benefit programs as a way to rein in federal deficits.
“I’ll go anywhere and I’ll do whatever it takes to get this done,” President Barack Obama said as he sought to build pressure on Republicans to accept his terms – a swift renewal of expiring tax cuts for all but the highest income earners. “It’s too important for Washington to screw this up,” he declared.