Tuesday, December 4, 2012

Obama: No 'fiscal cliff' deal without higher tax rates on rich

U.S. President Barack Obama (r) shakes hands with Speaker of the House John Boehner (l) during a meeting with bipartisan group of congressional leaders in the Roosevelt Room of the White House on November 16, 2012 in Washington, DC. PHOTO/Getty Images/Olivier Douliery

U.S. President Barack Obama said Tuesday avoiding an economic plunge over the "fiscal cliff" comes down to Republicans' realizing that tax rates must go up on wealthiest Americans.

"We're not going to be able to get a deal

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