Fiscal Cliff

3:45pm

Fri November 9, 2012
It's All Politics

Deja Vu All Over Again: Obama And Boehner Clash On Fiscal Cliff And Taxes

Originally published on Fri November 9, 2012 3:52 pm

President Obama speaks about the economy and the deficit Friday in the East Room of the White House.
Carolyn Kaster AP

If you fell asleep Rip Van Winkle-like earlier in the year only to wake up Friday, you might be forgiven for thinking no time had passed.

Because on Friday, President Obama called for higher taxes on the wealthy to be part of any agreement to avoid the fiscal cliff, while House Speaker John Boehner strongly indicated that proposal was a non-starter with House Republicans.

But, of course, we just had an election in which the president won a second term and, through that, some political capital. Exactly how much remains to be seen.

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11:15am

Fri November 9, 2012
The Two-Way

Obama Says He's 'Open To Compromise,' But Solutions Must Be 'Balanced'

Originally published on Fri November 9, 2012 12:08 pm

Vice President Biden looks on as President Obama speaks at the White House.
Mark Wilson Getty Images

The post-election negotiations over taxes, the economy and the so-called fiscal cliff moved into a new phase this afternoon when President Obama stepped up to a microphone at the White House to lay out his latest thoughts about what needs to be done.

In many ways, this words were echoes from the hard-fought campaign.

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8:46am

Fri November 9, 2012
Politics

VIDEO & TRANSCRIPT: President Obama's Comments On The Economy And Deficit

Screencap from video of the President's comments, Friday November 9th
YouTube.com

The President delivered a statement from the East Room of the White House Friday addressing the looming 'Fiscal Cliff' and urging bipartisan action.

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5:13am

Fri November 9, 2012
The Two-Way

VIDEO: Obama Tears Up As He Thanks Campaign Staff

Originally published on Fri November 9, 2012 5:20 am

President Obama tearing up a bit as he thanks campaign workers.
Obama campaign video

4:38am

Fri November 9, 2012
The Two-Way

Boehner: 'Raising Tax Rates Is Unacceptable'

House Speaker John Boehner (R-OH) makes remarks on Capitol Hill on Wednesday.
Brendan Hoffman Getty Images

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