Obama: Fiscal talks with congressional leaders were 'good and constructive'

Posted at: 12/28/2012 5:18 PM
Updated at: 12/28/2012 6:16 PM
By: AP

WASHINGTON (AP) - President Barack Obama made a statement following a meeting with congressional leaders on the fiscal cliff Friday night, saying the talks were 'good and constructive'

Obama met Friday for about an hour with House Speaker John Boehner, Senate Republican leader Mitch McConnell, Senate Majority Leader Harry Reid and House Democratic leader Nancy Pelosi.
The White House is trying to build support for a proposal it presented a week ago, when Obama urged lawmakers to preserve tax cuts for most Americans while letting rates rise on incomes above $250,000 a year. At the same time, Obama wants lawmakers to extend unemployment benefits for the long-term jobless.
Both sides are trying to prevent a toxic blend of middle-class tax increases and spending cuts from taking effect at the turn of the new year.
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