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Indeed. first, the president's next big hurdle. time is running out fast as the the nation inches closer to plunging off the devastating fiscal cliff. >> less than two months. president obama will make a statement today about his plan and republican leaders are ready to negotiate. abc's karen travers is in washington. hi, karen. >> good morning, rob. good morning, paula. unfortunately for congress, procrastination can only go on so long. that looming fiscal cliff must be dealt with now. lawmakers have been putting off work on a budget deal for months wanting to get past the elections. well, th...

Like glen kessler at the washington post, my newspaper -- did a great job and people have analyzed, he was hard on romney, hard on obama, giving him four pinocchios for something that is in my book, where obama said -- on sequestration, which is an awful word, automatic spending cuts, obama said, it's just not true. hey, look, this wasn't my idea. the congress came up with it. i have chapter and verse detailed meetings who is there and it was all a white house idea-- can i give you an example? >> sure. >> sean: and i will concede your point on the washington post, pinocchios, distributed eve...

Like glen kessler at the washington post, my newspaper -- did a great job and people have analyzed, he was hard on romney, hard on obama, giving him four pinocchios for something that is in my book, where obama said -- on sequestration, which is an awful word, automatic spending cuts, obama said, it's just not true. hey, look, this wasn't my idea. the congress came up with it. i have chapter and verse detailed meetings who is there and it was all a white house idea-- can i give you an example? >> sure. >> sean: and i will concede your point on the washington post, pinocchios, distributed eve...

Like glen kessler at the washington post, my newspaper -- did a great job and people have analyzed, he was hard on romney, hard on obama, giving him four pinocchios for something that is in my book, where obama said -- on sequestration, which is an awful word, automatic spending cuts, obama said, it's just not true. hey, look, this wasn't my idea. the congress came up with it. i have chapter and verse detailed meetings who is there and it was all a white house idea-- can i give you an example? >> sure. >> sean: and i will concede your point on the washington post, pinocchios, distributed eve...

Lady and vice president biden and dr. biden. like many americans i was hoping this presidential election would turnout a little differently. mitt romney and paul ryan are good men. they are good leaders. i wish mitt, his wife, and paul and his wife well. but the american people have re-elected president obama and a republican majority in the house of representatives f there is a mandate in the results it is for us to work together on the solutions to the challenges we all face as a nation. my message today is not one of confrontation but one of conviction. in the weeks and months ahead we face...