On Eve of Fiscal Cliff Talks, Positions Harden

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As President Barack Obama and congressional leaders prepared for budget and tax talks on Friday aimed at preventing the economy from falling back into recession next year, Democrats and Republicans dug in on their long-held opposing positions. "What we won't do is raise tax rates," Senate Republican leader Mitch McConnell warned on Thursday. But raising income taxes on the wealthy to help shrink the deficit was exactly what Obama highlighted during his first post-election news conference on Wednesday. Twenty-four hours later, Obama spokesman Jay Carney argued that public sentiment was firmly behind the newly re-elected president.

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