President Obama delivers a statement on the "fiscal cliff" negotiations with congressional leaders in the briefing room of the White House on Friday, Dec. 28, 2012, in Washington. The negotiations are a last-ditch effort to avoid across-the-board first-of-the-year tax increases and deep spending cuts. (AP Photo/Evan Vucci)

Photo by: Evan Vucci

President Obama delivers a statement on the "fiscal cliff" negotiations with congressional leaders in the briefing room of the White House on Friday, Dec. 28, 2012, in Washington. The negotiations are a last-ditch effort to avoid across-the-board first-of-the-year tax increases and deep spending cuts. (AP Photo/Evan Vucci)