Status update on the Obama-Boehner standoff

President Obama spent Monday stumping in Michigan for higher taxes for the wealthy, and Republicans in Congress lamented there was still no "balanced approach" on offer from the White House.

That was Monday. Our National Journal Daily colleagues explain what that means for the fiscal cliff debate Tuesday. Here's Billy House:

The back-and-forth indicated that little -- at least publicly -- has changed in the standoff after the latest face-to-face meeting on Sunday between Obama and House Speaker John Boehner, R-Ohio.

Boehner’s office said that talks are continuing, while White House press secretary Jay Carney said the president “believes a deal is possible.”

At the same time, Obama used the bully pulpit to hold a campaign-style rally at a diesel plant in Redford, outside Detroit, to press the Democrats’ case for freezing the planned tax hike for everyone but top earners.

“If Congress doesn’t act soon, meaning in the next few weeks, starting on Jan. 1, everybody is going to see their income taxes go up,” the president warned.

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