President Obama met with congressional leaders at the White House on Friday to negotiate over the expiration of the Bush tax cuts and the looming problem of the so-called “fiscal cliff,” with the leaders agreeing that the meeting had been constructive.

“We had a very constructive meeting with the President to talk about America’s fiscal problem,” said Speaker of the House John Boehner, R-Ohio, in remarks to reporters following the meeting. “I outlined a framework that deals with reforming our Tax Code and reforming our spending. I believe that the framework that I’ve outlined in our meeting today is consistent with the President’s call for a fair and balanced approach. To show our seriousness, we’ve put revenue on the table, as long as it’s accompanied by significant spending cuts, and while we’re going to continue to have revenue on the table, it’s going to be incumbent for my colleagues to show the American people that we’re serious about cutting spending and solving our fiscal dilemma, and I believe that we can do this and avert the fiscal cliff that’s right in front of us today.”

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