Washington (CNN) - Maryland Rep. Chris Van Hollen, a member of the House Democratic leadership, said Tuesday he has "serious reservations" about President Obama's tax cut agreement with Republicans.
Van Hollen, who represented House Democrats in tax cut talks with administration officials and Republicans, spoke to reporters as he headed into House Speaker Nancy Pelosi's office for an afternoon leadership meeting.
Washington (CNN) - In a rare display of frustration, President Barack Obama insisted Tuesday that liberal Democrats were holding him to an unfair standard of achievement by complaining he has conceded too much to political opponents.
At a hastily arranged news conference on his deal with Republicans to extend tax cuts and jobless benefits, Obama rejected protests by Democrats that the agreement announced Monday amounted to a political defeat.
Washington (CNN)–House Republican Whip Eric Cantor sharply criticized President Obama's analogy at his press conference Tuesday that compared negotiating with Republicans on tax cuts to talking with "hostage takers."
Obama said, "I have said before that the middle class tax cuts were being held hostage to the high end tax cuts. I think it is tempting not to negotiate with hostage takers unless the hostage gets harmed."
Washington (CNN) - Republican Sen. Olympia Snowe of Maine said Tuesday the tax cut deal between President Obama and Republican leaders is an "outstanding way to move forward and welcome the bipartisanship that was evident."
When asked whether it changes the relationship between Republicans and Democrats in Congress, Snowe said, "hopefully it creates a new dynamic," adding that it could perhaps be a "template" for how to proceed on other issues.
This "demonstrated it's possible to achieve consensus" and "work across party lines," Snowe said.
Editor's note: Ed Henry has covered the White House for CNN since March 2006. In "Henry in the House," he offers an insider's view of the Obama White House.
Washington (CNN) - The metaphorical ink is still barely dry on the long, flowery press release President Obama sent out last Friday reacting to the drastic budget cuts proposed by the National Commission on Fiscal Responsibility and Reform that he appointed.
"Jobs and growth are our most urgent need," the President said Friday. "But if we want an America that can compete for the jobs of tomorrow, we simply cannot allow our nation to be dragged down by our debt. We must correct our fiscal course."
President Obama will hold a previously unscheduled news conference on Tuesday at 2:20 p.m. likely focusing on the compromise with Republicans on tax cuts, the White House announced. Check back here for CNN's live blog of the press conference.
2:52 p.m. Q: Some on the left question you core values; can you say exactly where you won't budge?
2012 – We will have had 2 years to discuss the budget – not in the abstract – but in concrete terms... Over the next 2 years they are going to have to show me what they think they can do. Became pretty clear after you go through the budget line by line that is that they want to pay for tax breaks to wealthy - that is a lot of money – corresponding cuts that would have to be made are very painful. They will need to rethink their ideas...I have a whole bunch of lines in the sand – not making tax cuts for the wealthy permanent was a line in the sand. Things that don’t impact low and middle income families. Some in congress were only talking about extending tax cuts for the wealthy.
Washington (CNN) - House GOP Leader John Boehner ripped House Democrats for moving ahead with a vote Thursday just on extending tax cuts for those making $250,000 or less, calling the move "chicken crap."
"I'm trying to catch my breath so I don't refer to this maneuver going on today as chicken crap, all right? But this is nonsense, all right?" Boehner told reporters Thursday.