PRESIDENT Barack Obama's finance chief said he "can't promise" that the US won't go over a "fiscal cliff" of sharp tax hikes and spending cuts at the end of the year.
With polls showing that most Americans favour raising tax rates on the wealthy and cracks starting to appear in what had been a wall of Republican opposition to such a move, the Obama administration figures it has the upper hand.
"When you increase rates, you make it more difficult for our economy to grow," he said on Fox News.
Mr Boehner said that if Republicans agreed to give Mr Obama a proposed $1.6trn in new tax revenue, "he's going to spend it", not reduce the deficit.
"I don't want any part of going over the cliff. I'm going to do everything I can to avert that," he said. (Reuters)