Pres. Obama discusses tax cuts, 'fiscal cliff'

President Obama discussed the economy Friday in his first remarks since winning re-election. With concerns rising over an impending "fiscal cliff," Obama urged Congress to

WASHINGTON - President Obama discussed the economy Friday in his first remarks since winning re-election. With concerns rising over an impending "fiscal cliff," Obama urged Congress to act swiftly to reach a compromise. He says extending tax cuts for the middle-class are crucial as the Bush-era tax cuts expire. Obama also says he is inviting congressional leaders from both parties to meet with him at the White House next week.

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