President Barack Obama says he is prepared to do "tough things" to reach a deal with Republicans on deficit reduction. The president said Wednesday there is no reason for the talks to fail. Obama told reporters he is optimistic that he and the Republicans can agree on cutting the U.S. deficit, to prevent deep spending cuts and large tax increases from taking effect January 1. The president said he has met the Republican side more than halfway, and is ready to make more concessions if ...
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