Fiscal Cliff

President May Consider Entitlement Reform

Could be evidence he has returned to reality

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A former Democratic senator said he believes that President Obama might be willing to consider entitlement reform in his second term.

"I do think there is some reason to be cautiously optimistic here," said Evan Bayh (D-Ind.) on Fox Business Network. "…I think the president having been re-elected will be more willing to take on entitlement reform. He doesn't have to worry about offending his base so much."