Obama wants quick bill to head off tax increases
By DAVID ESPO, Associated Press
Dec 21, 2012 4:54 PM CST
Speaker of the House John Boehner, R-Ohio, joined by House Majority Leader Eric Cantor, R-Va., left, speaks to reporters about the fiscal cliff negotiations at the Capitol in Washington, Friday, Dec. 21, 2012. Hopes for avoiding the "fiscal cliff" that threatens the U.S. economy fell Friday after fighting...   (Associated Press)

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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