‘Fiscal Cliff’ Talks Hung Up on Tax Rates Battle

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The political stalemate over the so-called fiscal cliff continued Sunday, and if remarks from the two party’s top negotiators were any indication, attempts for any sort of compromise have been put on hold.

Treasury Secretary Timothy Geithner made the rounds on this Sunday’s talk shows, and while sounding cautiously optimistic, said the blame would lie with Republicans should they insist on extending Bush tax cuts and the fiscal talks fail.

But Republican House Speaker John Boehner fired back on Fox News Sunday, telling host Chris Wallace he was “flabbergasted” over Geithner’s plan for $1.6 trillion in higher taxes over the next decade.

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