White House officials declined to comment on the latest developments in the fiscal cliff talks.
Boehner has been offering $800 billion in revenue increases as part of an overall agreement with Obama. The president has countered with an offer of $1.4 trillion in new revenue, although he has moved in Boehner’s direction on this issue in recent conversations, sources said.
Republicans are now offering closer to $1 trillion in new revenue, sources said.
Obama has countered with $600 billion in cuts for entitlement and non-mandatory spending programs, hundreds of billions less than Boehner is seeking to trim from those programs, but the president is showing some flexibility on that front, as well.
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