Boehner Wants One Year Delay on Fiscal Cliff

Is indefinite delay a solution?

Speaking just two hours before President Obama was scheduled to issue remarks on the subject from the White House, House Speaker John Boehner convened a press conference Friday to say he would prefer extending all Bush-era tax cuts until 2013, including cuts for the wealthy.

That would give lawmakers enough time to develop a comprehensive tax overhaul and defict-reduction plan, the Republican speaker said.