Boehner Responds To Obama's "La-La-Land" Offer

There is little detail (more to come) but Boehner's office has just released his rebuttal to Obama's so-called 'un-serious' offer. These numbers do not appear like any change - just as Obama's was no change - so much for compromise. It seems politicians now have zero-beta for the algos - who have given up now the month-end is over... *BOEHNER DESCRIBES WHITE HOUSE PLAN LAST WEEK AS `LA-LA LAND' *BOEHNER SAYS HE'S OFFERING `CREDIBLE PLAN' ON FISCAL CLIFF *BOEHNER SAYS PLAN DESERVES `SERIOUS CONSIDERATION' BY OBAMA *HOUSE REPUBLICANS PROPOSE $1.4 TRILLION IN SPENDING CUTS *REPUBLICAN PLAN INCLUDES $800 BILLION IN NEW REVENUE Full letter below: December 3, 2012 The PresidentThe White House1600 Pennsylvania Avenue, NorthwestWashington, DC 20500 Dear Mr. President, After a status quo election in which both you and the Republican majority in the House wer...