NEW : At a Democratic fund - raiser , Obama says he inherited economic problems . NEW : ` The tax revenue issue , as well as the scope of entitlement reforms , have been the main stumbling blocks to a major deficit reduction deal . ` 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 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 .