Updated: 1:00 p.m. ET
Despite continued negotiations between the White House and House Speaker John Boehner for a deal to avert the so-called "fiscal cliff," Boehner says "no progress" has yet been made in hammering out a compromise.
In a brief press conference with reporters today, Boehner accused the White House of having "wasted" another week by negotiating from a "my way or the highway" standpoint.
With 25 days to reach a deal to avert the "cliff" -- a series of tax hikes and spending cuts set to start kicking in early next year, potentially triggering another recession - neither side has yet agreed to budge on the key sticking point: Whether or not the Bush-era tax cuts should be extended for the top two percent of Americans.
The president insists he will not sign off on a proposal that does not increase tax rates for households earning $250,000 or more per year, while Republicans have repeatedly reiterated their refusal to raise tax rates in any way. Both parties have offered up plans reflective of these ideologies, and both were quick to reject the other side's proposal. The Obama administration said it would not respond to the GOP plan with a counter-offer, because it did not view it as serious enough to warrant one.
In his remarks today, Boehner called on President Obama to reverse that decision.
"Four days ago, we offered a serious proposal based on testimony of President Clinton's former chief of staff. Since then, there's been no counter-offer from the White House. Instead, reports indicate that the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff," Boehner told reporters. "I came out the day after the election to put revenues on the table, to take a step toward the president to try to resolve this. When is he going to take a step towards us?"
The White House is in the midst of a public relations campaign aimed at pressuring Republicans into extending the middle class tax cuts before broaching the rest of the so-called "fiscal cliff." The real work, however, continues behind the scenes between the Democratic president and the speaker of the Republican-led House.