UPDATED 5:22 AM EST, November 9, 2012
WASHINGTON (AP) — President Barack Obama will speak at the White House to set the tone for upcoming talks with congressional Republicans on avoiding the so-called fiscal cliff.
Republicans are drawing a line in the sand against higher tax rates for upper-income earners, seeking to topple the conventional wisdom that the just re-elected Democrat has the upper hand in upcoming negotiations.
The fiscal cliff is a potentially economy-crippling set of tax increases and automatic spending cuts due to hit in January.
