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Obama asks Congress to act before 'fiscal cliff'

Obama asks Congress to act before 'fiscal cliff'

President Barack Obama, laying down his marker for grueling "fiscal cliff" negotiations, said Friday he won't accept any approach to federal deficit reduction that doesn't ask the wealthy to pay more in taxes.

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Obama asks Congress to act before 'fiscal cliff'

President Barack Obama, laying down his marker for grueling "fiscal cliff" negotiations, said Friday he won't accept any approach to federal deficit reduction that doesn't ask the wealthy to pay more in taxes.