Obama Willing to Extend Bush Tax Cuts

President Obama says a Republican proposal to extend tax cuts to wealthier Americans for two years represents a “basis for conversation” and he sees a potential for compromise heading into negotiations. Obama told CBS’ “60 Minutes” in an interview to air Sunday night that his top priority was making sure taxes did not rise on Americans making less than $250K a year when Bush-era tax cuts expire at the end of the year. – Reuters