GOP reacts to Obama's plan for fiscal cliff

November 14, 2012 4:32 PM

During his first press conference since his re-election, President Obama said that the simplest thing Congress can do to avoid the fiscal cliff would be for the House to pass a bill extending the Bush-era tax rates for all earners - except the top two percent. Nancy Cordes reports on the president's plan and Republican's reaction.

Buffett: So-called fiscal cliff won't trigger recession

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