WASHINGTON — House Republicans will move forward with a "Plan B" fiscal cliff package that will not include a cap on the value of tax-exemption or other tax expenditures, expecting to vote on it in the House as early as Thursday.

"Our hope continues to be to reach an agreement with the president on a balanced approach that averts the fiscal cliff," House Speaker John Boehner, R-Ohio., told reporters at a press conference Tuesday morning. "At the same time that we will continue to talk to the president, we're going to Plan B."

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.