With hours to go before America hits the fiscal cliff, President Barack Obama used a Sunday talk show appearance to pin the blame on Republicans who "have had trouble saying yes."
On NBC's "Meet the Press," the president said he's negotiated in good faith, moved more than halfway to reach a grand bargain and angered Democrats with his concessions. But he said Republicans still refuse to strike a deal with him and hike rates on the richest taxpayers.
"They say that their biggest priority is making sure that we deal with the deficit in a serious way, but the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest Americans are protected," Obama said. "That seems to be their only overriding, unifying theme."
Unless Congress acts by midnight Monday, a broad set of tax increases and federal spending cuts will be automatically imposed on Jan. 1, affecting virtually every taxpayer and government program. The spending cuts were put in place earlier this year as draconian incentives that would force the president and lawmakers to confront the nation's growing debt.
Now, lawmakers are trying to keep them from happening, though it seemed likely, that the cuts, known as sequestration, would be left for the next Congress, to be sworn in this week.
Via The New York Times