White House won't accept new tax offer from Republican leader

Speaker of the U.S. House of Representatives John Boehner speaks to reporters in the Capitol in WashingtonWASHINGTON (Reuters) – President Barack Obama is not ready to accept a new offer from the Republican leader of the U.S. the House of Representatives to raise taxes on top earners in exchange for major cuts in entitlement programs, a source said late Saturday. The shape and details of Boehner's offer were uncertain Saturday night, as was the exact reason the president was prepared to reject it. The source said Obama sees the offer made on Friday by U.S. …

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