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Article updated: 12/20/2012 9:45 PM

House GOP puts off vote on 'Plan B'

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House Majority Leader Rep. Eric Cantor speaks to reporters about the fiscal cliff and "Plan B" at the U.S. Capitol in Washington on Thursday. Later in the day, House Republicans abandoned their intention to approve "Plan B," presumably over a lack of support.

ASSOCIATED PRESS

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Confronted with a revolt among the rank and file, House Republicans abruptly scrapped a vote Thursday night on legislation allowing tax rates to rise for households earning $1 million and up, complicating attempts to avoid a year-end "fiscal cliff" that threatens to send the economy into recession. "The Senate must now act," said Speaker John Boehner, who has noted recently that he has taken risks in supporting higher tax revenues during several weeks of fruitless negotiations on the fiscal cliff.
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