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Clinton said a deal would be struck, but that it must include Republicans allowing the Bush-era tax cuts to expire.

Clinton was also asked about the odds his wife, Secretary of State Hillary ClintonHillary Diane Rodham ClintonSanders expected to announce exploratory committee next week Bernie Sanders records announcement video ahead of possible 2020 bid Overnight Defense: Trump declares border emergency | .6B in military construction funds to be used for wall | Trump believes Obama would have started war with North Korea | Pentagon delivers aid for Venezuelan migrants MORE, would make a presidential bid of her own in 2016. Clinton called his wife "the most gifted person in public service in my generation," but played coy about a possible bid.

"If I did know, I wouldn't tell you," he said.

But while Hillary has claimed she's looking forward to rest after concluding her term as secretary of State, her husband insisted she was still more than physically capable to make another run for the White House.

"She's in great shape," Clinton said. "She has unbelievable stamina."

The president added that his New Year's resolution was to help his wife "deal with the decompression I know goes with getting off the merry-go-round."

"It's going to be a new chapter in our life,'' he said. "And I'm looking forward to it."