16 December, 2012

CNN Breaking News

House Speaker John Boehner has offered to allow income tax rates to increase for wealthy Americans in exchange for spending cuts, tax reform and entitlement reform in fiscal cliff negotiations with the White House, according to a source familiar with the discussions.

Boehner offered to allow tax rates to go up on American families earning $1 million or more. The president has long demanded that rates increase for households earning more than $250,000.

Obama and Boehner are in negotiations to head off a January 1 "fiscal cliff," in which a $7 trillion combination of automatic tax increases and spending cuts would start to take effect.

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CNN Breaking News

President Obama will go to Newtown, Conn., on Sunday to meet with the families of shooting vicrims and thank first responders, the White House says.

Obama will also speak at an interfaith vigil at 7 p.m., according to a White House news release.

Get complete coverage of the Connecticut elementary school shooting on CNN.com, CNN TV and CNN Mobile.

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CNN Breaking News

President Obama will nominate Sen. John Kerry to be Secretary of State, a democrat who spoke to the senator says.

A formal announcement could come next week, the source said.

Susan Rice, the U.S. ambassador to the United Nations, withdrew her name from consideration Thursday after heavy criticism from Republicans over her statements regarding the attack on the U.S. diplomatic mission in Benghazi, Libya.

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CNN Breaking News

The victims of the Connecticut school massacre ranged in age from 6 to 56, according to information released by state police. Eighteen of the victims were described as female; eight were male. Twenty-six people died at the school, excluding the gunman. Twenty were children; six were adults.

Get complete coverage of the Connecticut elementary school shooting on CNN.com, CNN TV and CNN Mobile.

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