House Speaker John Boehner says his fiscal cliff plan won't come to a vote because "it did not have sufficient support from our members to pass. Now it is up to the president to work with Sen. (Harry) Reid on legislation to avert the fiscal cliff."
The fiscal cliff is a $7 trillion combination of automatic tax increases and spending cuts that are scheduled to start taking effect on January 1.
Follow coverage of breaking news on CNN TV, http://CNN.com and CNN's mobile apps.
Follow developing stories with the CNN App.
Download it today from your app store and
You have opted-in to receive this e-mail from CNN.com. To unsubscribe from Breaking News e-mail alerts, go to: http://cgi.cnn.com/m/clik?l=textbreakingnews
One CNN Center Atlanta, GA 30303
(c) & (r) 2012 Cable News Network