Obama Gives Republicans an Ultimatum

Greg Sargent, Washington Post
President Obama, during a brief statement to the press just now, said Harry Reid and Mitch McConnell are in the process of working out a deal to avert the “fiscal cliff” tax hikes, and pronounced himself optimistic about the talks. The key to Obama’s statement, though, is that he spelled out the political reality Republican leaders will be left facing if a deal is not reached:

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