NEW : `` The president will work with Congress to get this done , '' the White House says . `` Our country has big challenges , and the president and I are going to have to work together to solve those challenges . '' THE FACTS: The fiscal cliff 's tax hikes and spending cuts are set to take effect in January .
NEW : `` The president will work with Congress to get this done , '' the White House says . THE FACTS: The fiscal cliff 's tax hikes and spending cuts are set to take effect in January .