President Obama tells Republicans he's willing to make more spending cuts but only if they're ready to raise taxes.

FOX News Radio White House Correspondent Mike Majchrowitz reports from the West Wing:

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So how's the plan going over with those who will have to pass it?

FOX News Radio's Jared Halpern is gauging Congressional reaction in Washington:

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President Obama laid out his plan to pay for the 447 billion dollar jobs proposal... the President says the "Buffett" Plan aims to raise taxes on millionaires.

Listen here to President Obama's remarks from the Rose Garden:

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Critics of the "Buffett" Plan say raising taxes isn't the way to create jobs in a tough economy.