Politico's Jake Sherman and John Bresnahan report that Republicans have brought the White House another proposal in so-called fiscal cliff negotiations, in response to a counteroffer by Obama made Sunday:
Obama sent House Republicans an offer Sunday that called for $1.4 trillion in new revenue but little movement on entitlement cuts, sources said.
Boehner’s office offered no details about the latest GOP offer.
News of the counteroffer was preceded Tuesday by jostling from both sides. Speaker John Boehner (R-OH) took to the floor of the House to proclaim that he was still waiting on the White House to outline specific spending cuts they would be willing to accept. White House Press Secretary Jay Carney later rebutted, telling reporters it was "simply incontestable" that the Obama administration has put forth a plan that includes spending cuts.