Obama invites congressional leaders to deficit talks
President Barack Obama says Friday at the White House that he's open to compromise on a deficit-reduction plan.
November 9th, 2012
01:19 PM ET

Obama invites congressional leaders to deficit talks

[Updated at 1:19 p.m. ET] President Barack Obama said he's invited congressional leaders from both parties to the White House next week for talks on reducing the deficit and avoiding the so-called fiscal cliff facing the economy at the end of the year.

Obama, speaking at the White House on Friday afternoon, repeated his stance that he wants a plan that would allow the expiration of Bush-era tax cuts only for income over $250,000.

The president said he's "not wedded to every detail of my plan," and that he's "open to compromise." But he said he wouldn't ask middle-class families to "pay down the entire deficit” while the wealthy “are not asked to pay a dime more in taxes.”

House Speaker John Boehner said earlier Friday that it's important for lawmakers to work with Obama to avert the fiscal cliff. "This is an opportunity for the president to lead," he said.

Boehner also repeated his opposition to any tax increase in a deficit deal. "Raising tax rates will slow down our ability to create the jobs everyone says they want," he told reporters Friday. But he also said that "everything on the revenue side and on the spending side has to be looked at."

Visit the Political Ticker for more on Boehner's remarks.

Post by:
Filed under: 2012 Election • Barack Obama • John Boehner • Politics
soundoff (43 Responses)
  1. saywhat

    Sure ,( but remember we are there with our tried and tested road blocks).lol
    But for this country's sake I hope that the Repubs get some sense of what they have been doing for the past 4 yrs.

    November 9, 2012 at 12:13 pm | Report abuse |
    • steve

      what are u talking about the rep for the lasty 4 years where have u been u dems controled the house when Bush was in and u didnt do a darn thing but dog this country and now that your taxes are GOING to go up it is the Reps fault boy keep drinking that Obama Kool-aid and pay for all the worthless services out there. Me give me my $ that i earn and i will help the economy by spending it on something for my family not on a family i dont know becaus mommy/daddy are to dependant on govt to work...OUTLAW WELFARE FOR ALL

      November 9, 2012 at 4:15 pm | Report abuse |
  2. Scottish Mama

    @Saywhat- ignorance is bliss?

    November 9, 2012 at 12:16 pm | Report abuse |
  3. Scottish Mama

    No Turkey for you.(congress) They have been off for the last year, and especially the last 3 months, they better pull some overnighters. Bachmann should be a wake up call.

    November 9, 2012 at 12:18 pm | Report abuse |
  4. banasy©

    Seriously, CNN?
    I can't post AGAIN?
    You let trolls hijack names, post their rot under stolen names, and yet legitimate posters cannot post?
    Fox is more honest in their duplicity.
    Shame on CNN.

    November 9, 2012 at 12:28 pm | Report abuse |
    • Anders Behring Breivik (King of the Island)

      Hmm..I am having problems as well getting stuff posted. I just asked if that u.g.l y blonde in the picture is the Ke n yans cigar girl

      November 9, 2012 at 1:57 pm | Report abuse |
  5. banasy©

    Short and sweet:
    GET TO WORK, CONGRESS!

    November 9, 2012 at 12:35 pm | Report abuse |
    • Rutledge

      Good Post.

      November 9, 2012 at 12:54 pm | Report abuse |
  6. Ronald

    Agreed

    November 9, 2012 at 12:46 pm | Report abuse |
  7. Capt John S J Franklenhiem

    As a former navel aviator and past member of the prestiegeous WinterFisly flight team it worries me when others cast disparaging remarks at our government. I think they are doing a fine job.

    November 9, 2012 at 1:08 pm | Report abuse |
    • Jay jay

      16 trillion dollar debt and rising. That's a fine job? Wow is all I have to say.

      November 9, 2012 at 2:10 pm | Report abuse |
    • Scottish Mama

      @Jay Jay- hello republican buddy, how are you? This is getting interesting, ya?

      November 9, 2012 at 2:13 pm | Report abuse |
    • steve

      and what job is that...i live in NYc and i can see what our govt is doing--NOTHING

      November 9, 2012 at 4:24 pm | Report abuse |
  8. when my doG looks in the mirror he sees God

    So they are averaging a week a month in time at work and get paid? With holidays approaching, they will put things off till next year. SMH

    November 9, 2012 at 1:30 pm | Report abuse |
  9. Sherri B

    I think it is time for the democrats learn to work with others. They need to learn to compromise.

    November 9, 2012 at 1:37 pm | Report abuse |
  10. when my doG looks in the mirror he sees God

    Both parties need to learn to work as a team for what is best for the American people.

    November 9, 2012 at 1:39 pm | Report abuse |
  11. Scottish Mama

    @Sherri- I believe it was the republicans that said if the top %ers got their Bush tax cuts we would have jobs. We tried their way for 4 years, time for a change, the democrat way. Or in 2 years we will have a new congress.

    November 9, 2012 at 1:52 pm | Report abuse |
    • steve

      hey scottish mama who got us into this mess in the first place...it was FDR and alll his democratic policies and all u stupid dems who want to help there fellow dems not work while everyone else pays...when taxes go up i hope u all feel like paying for worthless programs like welfare

      November 9, 2012 at 4:17 pm | Report abuse |
  12. Bayousara

    Yes, the President IS leading, Mr. Boehner, so you don't have to remind him. What leading have you done the past four years, Mr. Boehner????

    NOW, LOCK THOSE FOLKS INTO THE CONFERENCE ROOM UNTIL THEY CAN COME OUT AND TELL US THEY HAVE MADE PROGRESS!

    November 9, 2012 at 2:03 pm | Report abuse |
    • Scottish Mama

      Boehner is a chicken, he is afraid of Norquist and the Tea Party.

      November 9, 2012 at 2:10 pm | Report abuse |
  13. Scottish Mama

    If Boehner stands up to the Tea Party and Norquist the people will stand with him.

    November 9, 2012 at 2:11 pm | Report abuse |
    • steve

      have u forgotten u had the house/senate for 8 years remember reid/polosi...oh thats right they were to busy downing america and bush to do anything so if we say something bad about the big O we r racist boys u guys make me sick...u guys are so afraid of the unions and here people want to help in NYC/LI and LIPA sends non union workers away boy u guys have no clue

      November 9, 2012 at 4:19 pm | Report abuse |
  14. Scottish Mama

    Tear up those pledges.

    November 9, 2012 at 2:11 pm | Report abuse |
  15. J e f f F r a n k (R-Ohio) "Right Wing Insanity"

    Obama should, approach the cliffs' edge. And Jump. This scenario should of ALWAYS been the back of his mind from the get go in '08. Now, as anticipated last year, he wants to "single out sucessfull people".
    There are entrepeneurs, really good kids graduating or just have graduated from college, where the the American Dream of being self reliant and be able to pay your debts in full is being stripped away from them. You wanted him and made your bed. Now sleep in it.

    November 9, 2012 at 2:16 pm | Report abuse |
    • Scottish Mama

      And now you have some of your do nothing congress back. Who took that dream? Bush? Who wants it to proceed, the republicans? Who signed a treasonous pledge? Republicans.

      November 9, 2012 at 2:28 pm | Report abuse |
    • steve

      hey mama where is the Big O during this storm in NYC...why is it u guys dog us republicans and when u do nothing for this country but bash it and tear it down from the inside out...get a clue

      November 9, 2012 at 4:21 pm | Report abuse |
1 2