President Barack Obamas top economic adviser challenged Republican congressional leaders to put an offer on the table in fiscal-cliff talks and defended Obamas debt-reduction proposals as concrete and detailed.
Gene Sperling, director of the White House National Economic Council, laid out markers for the negotiations in an interview on Bloomberg Television, saying the president would insist on tax-rate increases for the wealthy, a long-term extension in the legal debt limit, and maintenance of some stimulus measures to support the economy.
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