Edit - looks like it is throwing it back behind the paywall even with the open link, sorry.
The president's opening gambit, based on his 2013 budget proposal, signals Mr. Obama's intent to press his advantage on the heels of his re-election last week. However, before gathering at the White House with lawmakers on Friday, he will meet with chief executives of a dozen companies Wednesday. Many executives have aired concerns about the economic consequences of the looming "fiscal cliff"—and the risk of another standoff.
At The Wall Street Journal CEO Council in Washington, 73% of conference participants surveyed said their primary concern was the fiscal cliff. One conference participant, David Crane, chief executive of NRG Energy Inc., NRG -2.67% a power-generation and electricity firm, said, "I think everyone just has this fear that they just do as they've done the last four years and just lob grenades at each other."
"New revenue must be tied to genuine entitlement changes," Senate Minority Leader Mitch McConnell (R., Ky.) said Tuesday. "Republicans are offering bipartisan solutions and now it's the president's turn. He needs to bring his party to the table."
Senate Majority Leader Harry Reid (D., Nev.), in his first floor speech of the session, signaled little interest in concessions and reiterated President Obama's demand that the House pass a Senate-approved bill extending current tax rates for middle-income taxpayers, but not for the wealthiest 2% of taxpayers. Mr. Obama is expected to open a Wednesday news conference, his first since re-election, by calling on the House to pass that bill.