Factbox: "Fiscal cliff" offers of Republicans, Obama compared

WASHINGTON (Reuters) – Both President Barack Obama and Republicans in the U.S. House of Representatives have made opening offers in negotiations to resolve the “fiscal cliff. Here is a look at the two proposals, which are aimed at averting a more drastic combination of tax increases and spending cuts that economists say could cause a recession: REPUBLICAN OFFER House Republican leaders on Monday called for $2.2 trillion in new deficit reductions over 10 years. …