"The President still has not made an offer that meets the standards, but Republicans have," accused Boehner in a press conference. "It's clear that the President is just not serious about cutting spending, but spending is the problem."
The DJIA lost 74.73 points or 0.56% to close at 13,170.72. The S&P 500 eased 9.03 pts or 0.63% to finish at 1,419.45. And the Nasdaq fell 21.62 points or 0.72% to 2,992.16.