NEW : At a Democratic fund - raiser , Obama says he inherited economic problems . NEW : ` ` It 's not rocket science '' . Majority Leader Bush says there will be pressure to compromise on tax hikes . The deficit plunges 10 points .
NEW : At a Democratic fund-raiser , Obama says he inherited economic woes . NEW : `` It 's not rocket science '' House Majority Leader Cantor says there will be pressure to compromise on tax hikes . The Dow plunges 634 points .