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As President Obama and Capitol Hill leaders continue negotiations to avoid the looming “fiscal cliff, top Democrats on Sunday ramped up pressure on their Republican counterparts to accept tax increases on the wealthy as part of a broader agreement. House Minority Leader Nancy Pelosi, California Democrat, flatly said “no when asked if shed accept a deal that didnt include such provisions.

Mitt Romney made a multimillion-dollar ad buy to deliver his sharpest rebuke yet to claims that he outsourced jobs, an acknowledgment that Democratic attacks on his résumé have hurt his campaign.

Democrats should be willing to go over the so-called fiscal cliff if that is what it takes to get a good deal on taxes and spending, leading progressive Rep. Peter Welch (D-Vt.) argued Tuesday.

The fiscal cliff is the combination of automatic tax hikes and spending cuts Congress has passed over the last several years that is set to kick in at the start of 2013.

All sides agree

House Speaker John Boehner (R-Ohio) failed to muscle a controversial fiscal cliff fallback through the House Thursday night, suddenly pulling the bill after spending almost a week on a plan that Democrats called a waste of time.