It's the big issue after the election, the fiscal cliff. For the first time after he won, President Obama will address it this afternoon.
FOX News Radio's Jared Halpern reports from the White House:
During his re-election celebration President Obama hinted at bipartisan cooperation.
(Obama) "You elected us to focus on your jobs, not ours."
He'll speak more directly about his plan this afternoon from the White House East Room.
House Speaker John Boehner adds he too has high hopes for solving the debt crisis, but tells ABC:
(Boehner) "Raising tax rates is unacceptable. And frankly, it couldn't even pass the House."
The President and Congressional Democrats want the Bush-era tax cuts to expire for wealthy Americans. There's also no agreement on how to offset automatic spending cuts, half targeting defense.
At the White House, Jared Halpern, FOX News Radio.
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