News Summary: Obama takes his fiscal plan to Pa.

News Summary: Obama takes his fiscal plan to Pennsylvania, pressuring GOP

Associated Press

'LUMP OF COAL': President Barack Obama urged Congress to pass an extension of tax cuts for middle class families, saying a tax increase would amount to a "lump of coal" for Americans over the holiday.

SELLING SOLUTION: The president traveled to a toy factory in suburban Philadelphia to sell his solution to the so-called fiscal cliff. He said Republicans should extend existing Bush-era tax rates for households earning $250,000 or less, while allowing increases to kick in for the wealthy.

NOT HIGHER RATES: Republicans have said they are open to new tax revenue but that spending cuts must be more significant.

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