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Obama, GOP leaders lay down markers on budget deal

Published 11/08/2012, Associated Press

WASHINGTON (AP) -- Taking little time to celebrate, President Barack Obama is setting out to leverage his re-election into legislative success in an upcoming showdown with congressional Republicans over taxes, deficits and the impending "fiscal cliff." House Speaker John Boehner says Republicans are willing to consider some form of higher tax revenue as part of the solution - but only "under the right conditions."

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