White House: 'Republicans Have To Acknowledge Reality' On Fiscal Cliff Deal

White House Press Secretary Jay Carney: “On the fundamental issue of balance and where revenues have to come from, Republicans need to acknowledge reality here, because rates have to go up. That has been a debate that has been explicitly engaged in throughout the year. It is a policy position that the President has held for four years. It comes as news to no one on capitol hill, no one out there in the country that this is his position. It’s a position that’s supported by a majority of the American people. We need to see from Republicans an acknowledgement of that and a willingness to work together towards a compromise that includes revenues that meet the basic test of fairness and balance.”