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President hits road to sell proposal for $1.6 trln tax increases, $400 bln entitlement cuts.
Congressional Democrats offer to trim six weeks from jobless benefits.
Republicans in House ready to vote to reject bipartisan Senate plan.
House Republicans balk at the deal worked out in the Senate.
First attempt to extend break fails amid disagreement on how to cover costs.
House majority leader cites voter frustration with political rancor.