NEW : Boehner says opposing higher taxes on the wealthy is what `` binds '' the House . Forced spending cuts will harm the economy and national security , both sides agree . President Obama says Democratic refuse to compromise . GOP Speaker Obama rejects Democratic demands for more revenue as a solution .
NEW : Obama says opposing higher taxes on the wealthy is what `` binds '' the GOP . Forced spending cuts will harm the economy and national security , both sides agree . President Obama says Republicans refuse to compromise . House Speaker Boehner rejects Democratic demands for more revenue as a solution .