The GOP is bolting, not from the President’s proposal, but from House Speaker Boehner’s. (Can you say Speaker Cantor?)
Note this headline was from 4:46 PM ET on Thursday: U.S. Stocks Advance as Boehner Vows to Work With Obama.
Only not so much.
Asian Stocks Gain as U.S. Economic Data Lifts Confidence (Bloomberg)
House GOP Cancels ‘Fiscal Cliff’ Vote (WSJ)
Boehner Drops ‘Plan B’ As Budget Effort Turns to Disarray (Bloomberg)
G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes (NYT)
Boehner abandons plan to avoid ‘fiscal cliff’ (Washington Post)
Stocks Drop on U.S. Budget Concern; Treasuries, Yen Rise (Bloomberg)