Obama, House Speaker take positions on budget before negotiations
<p><span word="After">After</span> <span word="a">a</span> <span word="contentious">contentious</span> <span word="election">election</span>, <span word="another">another</span> <span word="political">political</span> <span word="battle">battle</span> <span word="is">is</span> <span word="brewing">brewing</span> <span word="in">in</span> <span word="Washington">Washington</span>, <span word="this">this</span> <span word="one">one</span> <span word="with">with</span> <span word="potentially">potentially</span> <span word="serious">serious</span> <span word="consequences">consequences</span> <span word="for">for</span> <span word="the">the</span> <span word="US">US</span> <span word="economy">economy</span>. <span word="Both">Both</span> <span word="sides">sides</span> <span word="staked">staked</span> <span word="out">out</span> <span word="their">their</span> <span word="positions">positions</span> <span word="Friday">Friday</span> <span word="on">on</span> <span word="what">what</span> <span word="to">to</span> <span word="do">do</span> <span word="about">about</span> <span word="the">the</span> <span word="so">so</span>-<span word="called">called</span> "<span word="fiscal">fiscal</span> <span word="cliff">cliff</span>" - <span word="a">a</span> <span word="combination">combination</span> <span word="of">of</span> <span word="tax">tax</span> <span word="hikes">hikes</span> <span word="and">and</span> <span word="spending">spending</span> <span word="cuts">cuts</span> <span word="that">that</span> <span word="would">would</span> <span word="automatically">automatically</span> <span word="take">take</span> <span word="place">place</span> <span word="at">at</span> <span word="the">the</span> <span word="end">end</span> <span word="of">of</span> <span word="the">the</span> <span word="year">year</span>. <span word="Economists">Economists</span> <span word="warn">warn</span> <span word="failure">failure</span> <span word="by">by</span> <span word="US">US</span> <span word="lawmakers">lawmakers</span> <span word="could">could</span> <span word="send">send</span> <span word="the">the</span> <span word="economy">economy</span> <span word="into">into</span> <span word="another">another</span> <span word="tailspin">tailspin</span>.</p><p><span word="Fresh">Fresh</span> <span word="from">from</span> <span word="his">his</span> <span word="election">election</span> <span word="victory">victory</span>, <span word="President">President</span> <span word="Barack">Barack</span> <span word="Obama">Obama</span> <span word="sounded">sounded</span> <span word="conciliatory">conciliatory</span> <span word="Friday">Friday</span> - <span word="inviting">inviting</span> <span word="congressional">congressional</span> <span word="and">and</span> <span word="business">business</span> <span word="leaders">leaders</span> <span word="to">to</span> <span word="the">the</span> <span word="White">White</span> <span word="House">House</span> <span word="next">next</span> <span word="week">week</span> <span word="to">to</span> <span word="begin">begin</span> <span word="discussions">discussions</span> <span word="on">on</span> <span word="a">a</span> <span word="deficit">deficit</span> <span word="reduction">reduction</span> <span word="plan">plan</span>. <span word="The">The</span> <span word="president">president</span> <span word="said">said</span> <span word="he">he</span> <span word="is">is</span> <span word="open">open</span> <span word="to">to</span> <span word="all">all</span> <span word="ideas">ideas</span>, <span word="but">but</span> <span word="pushed">pushed</span> <span word="back">back</span> <span word="against">against</span> <span word="any">any</span> <span word="plan">plan</span> <span word="that">that</span> <span word="relies">relies</span> <span word="solely">solely</span> <span word="on">on</span> <span word="spending">spending</span> <span word="cuts">cuts</span> <span word="to">to</span> <span word="reduce">reduce</span> <span word="the">the</span> <span word="nation">nation</span>'<span word="s">s</span> <span word="debt">debt</span>.</p><p>"<span word="We">We</span> <span word="can">can</span>'<span word="t">t</span> <span word="just">just</span> <span word="cut">cut</span> <span word="our">our</span> <span word="way">way</span> <span word="to">to</span> <span word="prosperity">prosperity</span>. <span word="If">If</span> <span word="we">we</span>'<span word="re">re</span> <span word="serious">serious</span> <span word="about">about</span> <span word="reducing">reducing</span> <span word="the">the</span> <span word="deficit">deficit</span>, <span word="we">we</span> <span word="have">have</span> <span word="to">to</span> <span word="combine">combine</span> <span word="spending">spending</span> <span word="cuts">cuts</span> <span word="with">with</span> <span word="revenue">revenue</span>, <span word="and">and</span> <span word="that">that</span> <span word="means">means</span> <span word="asking">asking</span> <span word="the">the</span> <span word="wealthiest">wealthiest</span> <span word="Americans">Americans</span> <span word="to">to</span> <span word="pay">pay</span> <span word="a">a</span> <span word="little">little</span> <span word="more">more</span> <span word="in">in</span> <span word="taxes">taxes</span>," <span word="said">said</span> <span word="Obama">Obama</span>.</p><p><span word="Republicans">Republicans</span> <span word="say">say</span> <span word="tax">tax</span> <span word="hikes">hikes</span> <span word="on">on</span> <span word="the">the</span> <span word="wealthy">wealthy</span> <span word="would">would</span> <span word="result">result</span> <span word="in">in</span> <span word="massive">massive</span> <span word="job">job</span> <span word="losses">losses</span>.</p><p><span word="Speaking">Speaking</span> <span word="an">an</span> <span word="hour">hour</span> <span word="before">before</span> <span word="the">the</span> <span word="president">president</span>, <span word="House">House</span> <span word="Speaker">Speaker</span> <span word="John">John</span> <span word="Boehner">Boehner</span> <span word="said">said</span> <span word="he">he</span> <span word="would">would</span> <span word="support">support</span> <span word="some">some</span> <span word="revenue">revenue</span> <span word="increases">increases</span> <span word="as">as</span> <span word="part">part</span> <span word="of">of</span> <span word="overall">overall</span> <span word="tax">tax</span> <span word="reforms">reforms</span>. <span word="But">But</span> <span word="the">the</span> <span word="Republican">Republican</span> <span word="congressional">congressional</span> <span word="leader">leader</span> <span word="wants">wants</span> <span word="to">to</span> <span word="extend">extend</span> <span word="the">the</span> <span word="deadline">deadline</span> <span word="for">for</span> <span word="negotiations">negotiations</span> <span word="to">to</span> <span word="work">work</span> <span word="out">out</span> <span word="differences">differences</span>.</p><p>"2013 <span word="should">should</span> <span word="be">be</span> <span word="the">the</span> <span word="year">year</span> <span word="we">we</span> <span word="begin">begin</span> <span word="to">to</span> <span word="solve">solve</span> <span word="our">our</span> <span word="debt">debt</span> <span word="through">through</span> <span word="tax">tax</span> <span word="reform">reform</span> <span word="and">and</span> <span word="entitlement">entitlement</span> <span word="reform">reform</span>, <span word="and">and</span> <span word="I">I</span>'<span word="m">m</span> <span word="proposing">proposing</span> <span word="we">we</span> <span word="avert">avert</span> <span word="the">the</span> <span word="fiscal">fiscal</span> <span word="cliff">cliff</span> <span word="together">together</span> <span word="in">in</span> <span word="a">a</span> <span word="manner">manner</span> <span word="that">that</span> <span word="insures">insures</span> <span word="that">that</span> 2013 <span word="is">is</span> <span word="the">the</span> <span word="year">year</span> <span word="that">that</span> <span word="our">our</span> <span word="government">government</span> <span word="finally">finally</span> <span word="comes">comes</span> <span word="to">to</span> <span word="grips">grips</span> <span word="with">with</span> <span word="the">the</span> <span word="major">major</span> <span word="problems">problems</span> <span word="that">that</span> <span word="are">are</span> <span word="facing">facing</span> <span word="us">us</span>," <span word="said">said</span> <span word="Boehner">Boehner</span>.</p>
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