President Obama speaks about the economy and the deficit Friday in the East Room of the White House.
Credit Carolyn Kaster / AP
If you fell asleep Rip Van Winkle-like earlier in the year only to wake up Friday, you might be forgiven for thinking no time had passed.
Because on Friday, President Obama called for higher taxes on the wealthy to be part of any agreement to avoid the fiscal cliff, while House Speaker John Boehner strongly indicated that proposal was a non-starter with House Republicans.
But, of course, we just had an election in which the president won a second term and, through that, some political capital. Exactly how much remains to be seen.
Vice President Biden looks on as President Obama speaks at the White House.
Credit Mark Wilson / Getty Images
The post-election negotiations over taxes, the economy and the so-called fiscal cliff moved into a new phase this afternoon when President Obama stepped up to a microphone at the White House to lay out his latest thoughts about what needs to be done.
In many ways, this words were echoes from the hard-fought campaign.