Obama said the uncertainty now spooking investors and employers will be shrunk if Congress extends — quickly — the tax cuts for all those except the most-well off. The Senate has passed such a bill. The House showed no interest on Friday in Obama's idea.
Compromise has become mandatory if the two leaders are to avoid economic harm and the anger of a public sick of government dysfunction.
Obama says he is willing to talk about changes to Medicare and Medicaid, earning him the ire of the left. Boehner says he will accept raising tax revenue and not just slashing spending, although he insists it must be done by reworking the tax code, not raising rates. The framework, at least, is there for a broad deal on taxes.