Re-elected, Obama heads back to divided government
WASHINGTON – One day after a bruising, mixed-verdict election, President Barack Obama and Republican House Speaker John Boehner both pledged Wednesday to seek a compromise to avert looming spending cuts and tax increases that threaten to plunge the economy back into recession.
Added Senate Majority Leader Harry Reid, D-Nev.: “Of course” an agreement is possible.
While all three men spoke in general terms, Boehner stressed that Republicans would be willing to accept higher tax revenue under the right conditions as part of a more sweeping attempt to reduce deficits and restore the economy to full health.
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