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Obama, Boehner meet to discuss 'fiscal cliff' negotiations (+video)

The President and Speaker of the House met privately at the White House on Sunday.

Major Garrett of CBS News reports on Sunday's conversations between President Obama, Speaker Boehner, and Democratic congressional leaders about 'fiscal cliff' talks.
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President Barack Obama and House Speaker John Boehner met Sunday at the White House to discuss the ongoing negotiations over the impending "fiscal cliff," the first meeting between just the two leaders since they both won re-election.

Spokesmen for both Obama and Boehner said they agreed to not release details of the conversation, but emphasized that the lines of communication remain open.

The meeting comes as the White House and Congress try to break an impasse over finding a way to stop a combination of automatic tax increases and spending cuts scheduled to kick in at the beginning of next year.

Obama met in November with Boehner, as well as Senate Majority Leader Harry Reid and House Minority Leader Nancy Pelosi. The president spoke by telephone with Reid and in person with Pelosi on Friday. The president is traveling to Redford, Mich., on Monday to promote his agenda in a speech to workers at an engine factory; auto workers helped Obama win Michigan in last month's election.

Obama has been pushing higher tax rates on the wealthiest Americans as one way to reduce the deficit — a position Boehner and other House Republicans have been steadfastly against. Republicans are demanding steeper cuts in costly government entitlement programs like Medicare and Social Security.

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