John Boehner Fiscal Cliff 2012 Press Conference Live

Speaker John Boehner (R-Ohio) will hold a press conference at 10 a.m. on Friday to address the fiscal cliff negotiations. Speculation is that he will concede ground to Democrats.

Speaker Boehner suffered an embarassing defeat Thursday at the hands of his own party. Enough Republicans refused to support his "Plan B" option, which would prevent taxes from rising on all but those earning more than $1 million a year, that it was taken off the table.

Now, the Republican's backs are against the wall and they are likely to put the ball back in the court of President Obama and Democrats, to let them offer a solution to avoiding the fiscal cliff and suffer the brunt of any fallout from unhappy voters.

 

How likely are you to make Mic your go-to news source?

Michael McCutcheon

Michael was formerly special projects editor at Mic. Prior to that, he worked at the Open Society Foundations on electoral reform. A native Seattleite, he's still mad about the SuperSonics.

MORE FROM

Will Justice Anthony Kennedy retire at end of Supreme Court term? Here's what we know.

Rumors that the 80-year-old swing justice may leave the bench are fueling fear of a second Trump pick on the nation's high court.

3 states and D.C. allow same flammable building materials behind Grenfell Tower fire

The causes of London's Grenfell Tower are similar to the justifications used to waive fire regulations in the U.S.

New Jersey bill would require kids to be taught how to interact with police

Students from kindergarten through 12th grade would receive the education.

UK Parliament hit with cyberattack

Members of Parliament had difficulty accessing their emails Saturday in the wake of the attack.

Istanbul LGBT pride march banned by government for safety concerns

A right-wing nationalist group has vowed to stop the protest.

Compounds seized by US in December reportedly contained material useful in Russia probe

The Trump administration has reportedly been considering returning the New York and Maryland compounds to Russia.

Will Justice Anthony Kennedy retire at end of Supreme Court term? Here's what we know.

Rumors that the 80-year-old swing justice may leave the bench are fueling fear of a second Trump pick on the nation's high court.

3 states and D.C. allow same flammable building materials behind Grenfell Tower fire

The causes of London's Grenfell Tower are similar to the justifications used to waive fire regulations in the U.S.

New Jersey bill would require kids to be taught how to interact with police

Students from kindergarten through 12th grade would receive the education.

UK Parliament hit with cyberattack

Members of Parliament had difficulty accessing their emails Saturday in the wake of the attack.

Istanbul LGBT pride march banned by government for safety concerns

A right-wing nationalist group has vowed to stop the protest.

Compounds seized by US in December reportedly contained material useful in Russia probe

The Trump administration has reportedly been considering returning the New York and Maryland compounds to Russia.