President Barack Obama says his election victory shows America backs his plan . The president has said he will not seek a second term in office and is expected to announce that decision on Tuesday at the White House Rose Garden. While both sides signal a willingness to deal , differences on details remain . The nation faces tax hikes and steep spending cuts at the end of the year .
President Barack Obama says his election victory shows America backs his plan . House Speaker John Boehner says all options on spending and revenue are open . While both sides signal a willingness to deal , differences on details remain . The nation faces tax hikes and steep spending cuts at the end of the year .