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Article posted: 12/3/2012 7:29 PM

GOP issues a new ‘fiscal cliff’ offer to Obama

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Sen. Rob Portman, an Ohio Republican and a member of last year's failed Joint Select Committee on Deficit Reduction, said of current budget talks: "All this stuff is hard. There's nothing easy here. But if everybody feels like everybody else is contributing, it makes it easier."

ASSOCIATED PRESS

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House Republicans put forth a $2.2 trillion "fiscal cliff" counteroffer to President Barack Obama on Monday, calling for raising the eligibility age for Medicare, lowering cost-of-living hikes for Social Security benefits and bringing in $800 billion in higher tax revenue — but not raising rates for the wealthy.