Boehner takes first step to avoid 'fiscal cliff'

House Speaker John A. Boehner offered the first olive branch Wednesday to avert the looming "fiscal cliff."

An investor looks at the stock price monitor at a private securities company in Shanghai on Nov. 8, 2012. Asian stock markets tumbled after a ratings agency threatened to downgrade the U.S. if a solution to the so-called fiscal cliff isn't negotiated among lawmakers and newly re-elected President Obama. (Associated Press)

An investor looks at the stock price monitor at a private securities company in Shanghai on Nov. 8, 2012. Asian stock markets tumbled after a ratings agency threatened to downgrade the U.S. if a solution to the so-called fiscal cliff isn't negotiated among lawmakers and newly re-elected President Obama. (Associated Press)

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