Obama calls for 'tough compromises' in fiscal cliff talks
- Published: 16 Nov 2012 at 23.47
- Online news: World
President Barack Obama and Congressional leaders vowed to make difficult compromises on taxes and spending as they opened talks on dodging a looming fiscal cliff and trimming the US deficit.
Speaker John Boehner smiles as US President Barack Obama wishes him a "happy birthday" during a budget meeting with cabinet members at the White House on November 16. Obama and Congressional leaders vowed to make difficult compromises on taxes and spending as they opened talks on dodging a looming fiscal cliff and trimming the US deficit
With only weeks to avoid steep automatic budget cuts and tax hikes that could send the country back into recession, the leaders said they were seeking to map out a deal on long-term deficit reduction that included both higher revenues and lower spending.
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