Boehner, Obama maintain stances on debt crisis

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The fiscal cliff just 53 days away both President Obama and house speaker John Boehner are advocating compromise yet.

Sticking to their guns on taxes here once again chief White House correspondent -- him.

Even -- President Obama suggested the campaign is over by inviting.

Congressional leaders for the White House for fiscal negotiations next week it's time to get back to work he left the impression in the campaign continues as the White House invited nearly 200 supporters to the east room for what Republicans dismissed as a rally we can't just cut our way to prosperity.

If we're serious about reducing the -- We have to combine spending cuts -- -- -- up.

And that means asking the wealthiest Americans to pay a little more in taxes the president's first public comments since election night came less than two hours after house speaker John Boehner said yet again today he's ready to deal this is an opportunity for the president to lead.

This is his moment to engage the congress some work towards a solution.

-- can't pass both chambers without using the word mandate the president -- one for his plan.

The spending cuts mixed with tax increases and I just want to point out this was a central question during the election.

It was debated over and over again and on Tuesday night.

We found out that the majority of Americans agree what my approach Boehner insisted otherwise by noting the message he took from the election in which Republicans campaigned against tax increases and maintain control the house.

Was that tax hikes will kill jobs -- the number one issue an election was about the economy and jobs.

Everyone wants to get our economy move again every among them -- get more Americans back to work you know raising tax rates.

Will slowdown our ability to create the jobs that are -- says they want that stalemate leaves both sides no closer to a deal to avoid the fiscal clip.

700 billion dollars in spending cuts headed into the bush tax rates that are -- at the end of the year.

-- -- is under pressure from conservatives to not -- -- on tax rate increases he's willing to and deductions that could raise tax revenue.

The president is getting pressure from the left.

With New York Times columnist Paul Krugman goes so far today.

As to suggest the White House should be willing to damage the economy to make your point with Republicans writing quote so what should he do.

Just say no and go over the cliff if necessary -- the president said today he's open to giving in.

To a point I want to be clear I'm not wedded to every detail of my plan.

I'm open to compromise.

I'm open to new ideas.

I'm committed to solving our fiscal challenge us.

I refuse to accept any approach that isn't balanced.

Now the president broke with tradition by not holding a news conference quickly after his reelection but aides point out he will take questions.

Next Wednesday here at the White House -- will coincide with congress coming back into session she can help try and shape this debate.

It will be his first full fledged news conference since June.

-- double duty tonight Ed thank you.

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Boehner, Obama maintain stances on debt crisis

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