Obama, Boehner Open to Compromise With Firm Stance
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President Barack Obama and House Speaker John Boehner began public negotiations over how to avert the so-called fiscal cliff, expressing a willingness to compromise while reiterating their previous positions.
Obama, claiming a mandate from voters after his Nov. 6 re-election, called yesterday for an immediate tax-cut extension for people earning less than $250,000 and insisted that top earners pay more. Boehner cited public support for the re-elected House Republican majority and said tax rates must not go up.