Obama Expected To Comment On Sex Scandal; Awaiting LIVE Video Fr - Spokane, North Idaho News & Weather KHQ.com

Obama Talks About Sex Scandal, Fiscal Cliff, Libya, Romney & More!

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UPDATE: President Barack Obama says the economy cannot afford a tax increase on all Americans. He's calling on congressional Republicans to support an extension of existing tax rates for households earning $250,000 or less.

Obama says he is confident that he and Congress can reach an agreement that avoids a so-called "fiscal cliff" on Jan. 1, when all tax rates would revert to Clinton-era levels and a series of deep spending cuts kick in. Obama addressed the fiscal cliff at the opening of a press conference Wednesday in the White House.

Obama says he will not agree to any budget deal that extends current tax rates for the wealthiest taxpayers, saying their rates should rise to help raise revenue. He says his stand was validated by voters in the election.

Congressional Republicans have said they would be willing to include new tax revenue in a deficit reduction deal. But they have been adamant that the tax rates themselves must not increase.

UPDATE: President Barack Obama says he has no evidence that the scandal that ended former Gen. David Petraeus' career had a negative impact on national security. 

The president spoke five days after Petraeus resigned as head of the  Central Intelligence Agency after disclosing he had an affair with his biographer, Paula Broadwell. Obama says he's withholding judgment on the timing of the revelations that Petraeus was under investigation.

Officials have said that Obama was not told about the investigation until after the election. He says he has "a lot of confidence generally" in the FBI, which is conducting the inquiry.

UPDATE: President Barack Obama is defending U.N. Ambassador Susan Rice in the aftermath of the deadly Sept. 11 attack on a U.S. diplomatic post in Libya and calling Republican criticism of her outrageous.
    
At a White House news conference Wednesday, Obama pushed back against GOP senators who said they would do whatever is necessary to scuttle Rice's nomination if the president picks her to replace Secretary of State Hillary Rodham Clinton.
    
The president said if Sen. John McCain wants to go after someone, he should challenge the president, not Rice.
    
McCain told reporters earlier Wednesday that he would do all he could to block a Rice nomination.

UPDATE: President Barack Obama says he hasn't yet scheduled a meeting with Republican Mitt Romney.
    
At a news conference Wednesday, Obama said he hopes to have the chance to talk with Romney before the end of the year.
    
Obama said the election was only a week ago, and that everybody needs to catch their breath.
    
He said he thinks Romney did a terrific job with the 2002 Olympic Games in Salt Lake City. Obama said he's not pre-judging how the former Massachusetts governor may be interested in helping the country, nor does he have a specific assignment - but Obama said he does want to talk about some of Romney's ideas.

UPDATE: President Barack Obama says America must "seize the moment" to seek an overhaul of the immigration system and he expects that work to start soon after his inauguration for a second term.
    
In his first news conference after winning re-election, Obama says conversations are already taking place among his staff and members of Congress.
    
The president says comprehensive immigration reform should include a path to legal status for those who came to the U.S. illegally seeking work. He says those immigrants should pay back taxes, learn English and potentially pay fines.
    
Obama is urging lawmakers to codify his decision earlier this year to stop deporting young illegal immigrants brought here by their parents.
    
He says the country needs to build on momentum from the last week's election.

UPDATE: When he meets with about a dozen business executives at the White House today, President Barack Obama will be looking for support for $1.6 trillion in new revenue, to avoid the "fiscal cliff" in January.
    
A spokesman says Obama is bringing to the table a proposal involving new taxes on business and the wealthy. The targeted revenue is twice the amount Obama discussed with Republican leaders during debt talks last year.
    
Jay Carney says the figure, combined with $1.1 trillion in spending cuts already signed into law, would reduce deficits by $4 trillion.
    
Today's meeting with CEOs follows a gathering of labor leaders and liberal groups yesterday. Participants said Obama remained clear that he would push for his campaign pledge of making the wealthiest Americans pay more in taxes.
    
Failure to act would bring automatic spending cuts and higher taxes on all Americans. According to the nonpartisan Tax Policy Center, middle-income families would pay an average of about $2,000 more next year.
    
Obama has scheduled a news conference immediately before today's meeting with business leaders.

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WASHINGTON (AP) - President Barack Obama is expected to make his first comments today on the widening sex scandal involving former CIA director David Petraeus.
    
Lawmakers have been digging through tons of emails, trying to determine if the extramarital affair between Petraeus and his biographer, and emails between another woman and the head of U.S. command in Afghanistan, resulted in a threat to national security.
    
The Petraeus biographer, Paula Broadwell, sent harassing emails to the second woman, someone she apparently saw as a romantic rival.
    
And officials say that woman, in turn, traded thousands of sometimes flirtatious messages with the top U.S. commander in Afghanistan, prompting the Pentagon to investigate him.

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