Obama kicks off budget talks, while GOP governors appear to soften opposition to tax hikes

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President Obama “is kicking off budget dealings with congressional leaders with new leverage from last week’s big win, but he confronts a decidedly tricky path to avoiding a market-rattling ‘fiscal cliff’ that could imperil a still-fragile economy,” USA Today reports.

Obama’s GOP rivals promise greater flexibility on new tax revenues, but Democrats face pressure from liberal interest groups urging the president to take a hard line and avoid cutting big benefit programs like Medicare and food stamps. It’s up to Obama to navigate the course toward an agreement.

At the same time, some Republican governors are softening on the party’s hard-line toward tax increases for the wealthy, suggesting that GOP congressmen at least be open to rate hikes in exchange for a comprehensive fiscal agreement on taxes and entitlements,” Politico reports.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.