Flush with re-election vigor, President Barack Obama on Friday will provide his first public comments on the upcoming negotiations with Congress on how to deal with pending tax hikes and spending cuts that create the so-called fiscal cliff facing the economy at the end of the year.
Obama and House Speaker John Boehner are positioned as the lead negotiators in a showdown between Democrats and Republicans over the issue identified by voters as a top priority: reducing the chronic federal deficits and debt considered a threat to economic prosperity and national security.
Source: CNN. Read full article. (link)