President Obama and congressional leaders from both major parties are meeting at the White House this hour for the first of what will likely be many negotiations aimed at averting a plunge over the so-called fiscal cliff.
We'll watch for news from the key players -- who include House Speaker John Boehner, R-Ohio -- and update with highlights.
Just before the meeting, this message was
"Look forward to mtg w/@WhiteHouse re: plan to avert #fiscalcliff via pro-growth tax reform & spending cuts; not tax rate hikes"
The administration, on the other hand, is tweeting a "closer look at how the President's plan raises $1.6T in revenue pic.twitter.com/m7Cogl1d."
Update at 10:35 a.m. ET. "We're Going To Get To Work," Obama says:
Saying that "our challenge is to make sure that we are able to cooperate together, work together, find some common ground, make some tough compromise [and] build some consensus," President Obama just welcomed Boehner and other leaders to the White House.
"We're going to get to work," he added, before also wishing Boehner a day-early happy birthday.
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