Republican Defectors Ready to Back U.S. Tax-Rate Compromise

Republican Defectors Ready to Back U.S. Tax-Rate Compromise

Kevin Dietsch/Pool via Bloomberg

President Barack Obama addresses members of the Business Roundtable at their headquarters in Washington on Dec. 5, 2012. Obama told top business executives the global economy remains "soft" and the deadlock in Washington over taxes and spending is holding the U.S. back from leading a strong recovery.