House GOP: Obama 'has to engage' in cliff talks

Obama and Speaker John Boehner (R-Ohio) have not met since the two sides exchanged offers in the last week. The Speaker defended the House GOP’s $2.2 trillion proposal, which calls for $800 billion in new revenues without raising tax rates on the wealthy.

“The revenues we’re putting on the table are going to come from – guess who? – the rich,” Boehner said at the press conference. “There are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates, which we believe will harm our economy.”

For more on Boehner's comments, click here.