• US President Obama: taxes go up on jan 1 if no congress action

Market news

9 November 2012

US President Obama: taxes go up on jan 1 if no congress action

  • want to deliver in 2nd term, hope find willing partners

  • american people looking for cooperation, common sense

  • lets extend the middle class tax cuts right now

  • should be no drama over extending middle class tax cuts

  • believe can get majority in congress to reach agreement

  • majority of americans 'agree with my approach'

  • open to new ideas but want a balanced approach

  • no wedded to every detail of own plan

  • must combine spending cuts with revenue increases

  • to work with both parties to do more on cutting deficit

  • fiscal cliff has made action 'that more urgent'

  • top priority has to be jobs and growth

  • invited leaders of both parties to white hse next week

 


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