Obama continues his campaign for a middle class tax cut extensio - KTIV News 4 Sioux City IA: News, Weather and Sports

Obama continues his campaign for a middle class tax cut extension

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Obama's latest campaign stop coincided with a big announcement from his host. Obama's latest campaign stop coincided with a big announcement from his host.

At a diesel engine plant outside of Detroit, President Obama stood his ground on the fiscal cliff.

Obama's latest campaign stop coincided with a big announcement from his host.

The company is expanding and adding jobs.

Business leaders warn this type of investment will suffer without a deal to avoid billions in tax increases and spending cuts next year.

"We had more than 100 CEO'S in town last week, 103 CEO'S, really and the message was look. Sit down. Work it out," John Engler said.

Back in Washington, there's new momentum.

Sunday, President Obama and House Speaker John Boehner met one on one for the first time this year.

Then Monday, staffers continued those private negotiations.

"The sooner the better. we all know that," Chris Van Hollen said.

An increasing number of republicans say they'll accept tax rate increases on the rich.

"I actually am beginning to believe, that is the best route for us to take, to, again, shift the focus where it needs to be, which is on entitlements," Senator Bob Corker said.

And budget experts see more democrats open to cutting social security and medicare.

"Like gosh Senator Durbin who are very, very close to the President saying hey look you know what we could do? You know, on medicare I wouldn't like it but I'd be willing to support means testing," Erskine Bowles said.

21 days left, no deal yet.

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