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Fri Nov 9, 2012, 02:03 PM

Open to compromise in talks on fiscal cliff: [View all]

Source: wtaq.com

WASHINGTON (Reuters) - President Barack Obama on Friday invited congressional leaders to the White House to start negotiating a deal to prevent sharp tax hikes and spending cuts from going into effect at the end of the year and said he was "open to compromise."

"I'm open to new ideas," he said in his first White House appearance since defeating Republican Mitt Romney in Tuesday's election. "I'm committed to solving our fiscal challenges, but I refuse to accept any approach that isn't balanced." He again pushed for higher taxes for wealthier Americans.

If Congress and the administration don't act, the abrupt fiscal tightening would tip the weak economy into recession, analysts have said. The nonpartisan Congressional Budget Office said this week unemployment could rise above 9 percent year if nothing is done to avert the so-called fiscal cliff.

Read more: http://wtaq.com/news/articles/2012/nov/09/obama-says-open-to-compromise-in-talks-on-fiscal-cliff/

I've always found that announcing a desire to compromise is NOT the way to get a good deal. Let's see how this goes.

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Reply Open to compromise in talks on fiscal cliff: [View all]
Junkdrawer Nov 2012 OP
BeyondGeography Nov 2012 #1
Junkdrawer Nov 2012 #3
BeyondGeography Nov 2012 #5
mac56 Nov 2012 #6
godai Nov 2012 #7
1StrongBlackMan Nov 2012 #11
peace13 Nov 2012 #12
mac56 Nov 2012 #2
Ztolkins Nov 2012 #4
Major Nikon Nov 2012 #8
Dubster Nov 2012 #9
robbob Nov 2012 #13
rablrouzer Nov 2012 #10
limpyhobbler Nov 2012 #14