President and House Speaker's office moderate the tone of their comments.

President and House Speaker's office moderate the tone of their comments.

If GOP signs on to tax increases, Democrats would have to accept deeper spending cuts.

If GOP signs on to tax increases, Democrats would have to accept deeper spending cuts.

Obama to meet with congressional leaders today.

Obama to meet with congressional leaders today.

Cap could serve as part of the resolution for the looming fiscal cliff.

Cap could serve as part of the resolution for the looming fiscal cliff.