Many Republicans agree that Obama and the Democrats hold most of the political leverage, given the president's re-election more than a month ago after a campaign in which he said the wealthy should pay more in taxes.If anything, the president has toughened his demands in recent days, insisting not only that tax rates must rise, but also that Congress give him and future presidents the authority to raise the government's borrowing limit without prior approval by lawmakers.
No One Retreating; Cliff Talks Seem At Standstill
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