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Obama says debt-cutting deal can be reached soon

- Associated Press - Wednesday, November 28, 2012

WASHINGTON (AP) — President Obama on Wednesday said he believes that members of both parties can reach a framework on a debt-cutting deal before Christmas.

Mr. Obama was joined by about a dozen middle-class Americans who have raised concerns about their taxes going up at the end of the year.

The president said that lawmakers face important deadlines in the coming weeks but that the voices of the American people need to be a part of the debate.

Mr. Obama said we need to "approach this problem with the middle class in mind."

The president is urging the public to pressure Congress through social media, pointing to #My2K on Twitter — a reference to the estimated $2,200 tax increase a typical middle-class family of four would see if the Bush tax cuts expire.

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