"I'm optimistic we may still be able to reach an agreement that can pass both houses in time," the president said after meeting with congressional leaders at the White House on Friday. Evan Vucci/AP hide caption

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Obama: 'The American People Are Watching What We Do Here'

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5 Days Left To Avoid 'Fiscal Cliff" Extremes

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Obama Silent On Fiscal Cliff During Negotiations

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Obama Backs Michigan Unions Over 'Right To Work'

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Construction is under way on the viewing stand in front of the U.S. Capitol for President Obama's Inauguration Day ceremonies on Jan. 21. J. Scott Applewhite/AP hide caption

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How Obama's 2nd Inauguration Will Differ From 1st

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Lauren Rae (left) and Olivia Marlow look at the ornaments in the Grand Foyer during the first viewing of the White House 2012 holiday decorations in Washington, D.C., on Wednesday. This year's theme is "Joy to All." Jim Watson/AFP/Getty Images hide caption

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White House Holiday Spirit A 'Joy To All'

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A campaign volunteer wears a button as President Obama speaks at a campaign event in Maumee, Ohio. Now that the election is over, the Obama team is trying to keep supporters engaged in the president's second term. Chip Somodevilla/Getty Images hide caption

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Obama Team Works To Keep Grass Roots From Drying Up In Second Term

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Young Voters Key In Obama's 2012 Win

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President Obama, with daughters Sasha and Malia, at last year's turkey pardoning ceremony. Pablo Martinez Monsivais/AP hide caption

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Tough Turkey: People Have A Harder Time Getting Pardons Under Obama

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President Obama speaks about the economy and the deficit at the White House on Friday. He says this time around, he has proof that Americans agree with his approach. Carolyn Kaster/AP hide caption

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Taxing Work Ahead: Have Negotiating Tables Turned?

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Republican presidential candidate Mitt Romney arrives onstage early Wednesday morning in Boston, moments before conceding defeat in the 2012 presidential election. Emmanuel Dunand/AFP/Getty Images hide caption

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'Let Mitt Be Mitt': But Who Was He?

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Romney Concedes Hard-Fought Race To Obama

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Obama, Romney Make Final Campaign Calls

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Romney Sets Last-Minute Election Day Appearances

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