WASHINGTON - If US President Barack Obama wins re-election, he's expected to move quickly, perhaps within a day, to renew his bid for a bipartisan deal to avert a "fiscal cliff" that threatens to push the United States into recession, top Senate Democratic aides said on Monday.
A victorious Obama could reach out to Republicans as early as Wednesday and pledge that, with the election decided, it's time to find common ground to deal with the year-end expiration of Bush-era tax cuts and the launch of automatic spending cuts that would suck $600 billion out of the economy in 2013.
cnxps.cmd.push(function () { cnxps({ playerId: '36af7c51-0caf-4741-9824-2c941fc6c17b' }).render('4c4d856e0e6f4e3d808bbc1715e132f6'); });
console.log("catid body is "+catID);if(catID==120){document.getElementsByClassName("divConnatix")[0].style.display ="none";var script = document.createElement('script'); script.src = 'https://player.anyclip.com/anyclip-widget/lre-widget/prod/v1/src/lre.js'; script.setAttribute('pubname','jpostcom'); script.setAttribute('widgetname','0011r00001lcD1i_12258'); document.getElementsByClassName('divAnyClip')[0].appendChild(script);}else if(catID!=69 && catID!=2){ document.getElementsByClassName("divConnatix")[0].style.display ="none"; var script = document.createElement('script'); script.src = 'https://static.vidazoo.com/basev/vwpt.js'; script.setAttribute('data-widget-id','60fd6becf6393400049e6535'); document.getElementsByClassName('divVidazoo')[0].appendChild(script); }"He wants to get the process started immediately," one aide said. "We could move quickly," another aide said, explaining that the basic ingredients of any deal - increased tax revenues coupled with cuts in entitlement programs - have been debated thoroughly for the past two years.
