Down to the wire - KTTC Rochester, Austin, Mason City News, Weather and Sports

Down to the wire

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WASHINGTON (AP) -- The White House has said that President Barack Obama still believes a deal with Republicans is possible in order to avoid a fiscal cliff.

But there've been no outward signs of progress in talks on how to reach a budget agreement. Obama still wants to raise taxes on individuals making more than $200,000 and couples earning more than $250,000.

Top Republicans say they're waiting for Obama to say the word on what spending cuts can come to entitlement programs like Social Security and Medicare.

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