Fiscal cliff: Impasse on tax rates is big hurdle
WASHINGTON – House Republicans' hard line against higher tax rates for upper-income earners leaves re-elected President Barack Obama with a tough, core decision: Does he pick a fight and risk falling off a "fiscal cliff" or does he rush to compromise and risk alienating liberal Democrats?
Or is there another way that will allow both sides to claim victory?
Obama has been silent since his victory speech early Wednesday morning, but is set to weigh in Friday in remarks at the White House.
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