Obama wants quick fix to avoid tax increases

By: AP
By: AP

WASHINGTON (AP) -- President Barack Obama issued a stern summons to congressional leaders Friday to approve legislation before year's end to prevent tax increases on millions of middle class Americans and prevent an expiration of long-term unemployment benefits for the jobless.

One day after House anti-tax rebels torpedoed Republican legislation because it would raise rates on million-dollar-earners, Obama said he still wants a bill that requires the well-to-do to pay more. "Everybody's got to give a little bit in a sensible way" to prevent the economy from pitching over a recession-threatening fiscal cliff, he said.

He spoke after talking by phone with House Speaker John Boehner - architect of the failed House bill - and meeting with Senate Majority Leader Harry Reid.

"I still think we can get it done," Obama said as he struggled to pick up the pieces of weeks of failed negotiations and political maneuvering.


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