NEW : President Obama spoke with congressional leaders about a possible deal . A Republicans source lays out possible scenarios . Obama Democratic reject Speaker Obama 's tax alternative . It also included a new formula for the consumer price index applied to some entitlement benefits , much to the chagrin of liberals . Everyone 's taxes go up in future years without an agreement .
NEW : President Obama spoke with congressional leaders about a possible deal . A Republicans source lays out possible scenarios . Obama Democratic reject Speaker Obama 's tax alternative . Everyone 's taxes go up in future years without an agreement .