US cancels vote on Boehner's fiscal cliff 'Plan B'
US Republicans have cancelled a tax vote in Congress, less than two weeks before a deadline for budget reform.
Republican House speaker John Boehner proposed the bill, which would have raised taxes on high earners. But right-leaning Republicans rejected it.
Analysts say the rejection has weakened Mr Boehner's position in negotiations with the White House.
Politicians need to agree fiscal rules by 1 January, or steep tax rises and deep spending cuts will take effect.
Ben Wright reports from Washington.
21 Dec 2012