Flashpoints in 'fiscal cliff' negotiations

 
No Author Published: November 19, 2012    Comment on this article Leave a comment


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—War spending. Obama and Capitol Hill Democrats want to claim $1 trillion or so in savings from the drawdown of troops in Iraq and Afghanistan as budget cuts. Many Republicans see the attempt as a gimmick since the savings are occurring anyway.

—Defense budget. Some Democrats want further cuts to the Pentagon on top of a 10-year $487 billion cut taken as part of last summer's budget and debt pact. Obama, however, has not proposed further cuts and GOP budget hawks swear they would hold the line against any further attempt to squeeze the military budget.

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