WATCH: Obama Asks Congress To Drink Egg Nog, Not Tank Economy

<a href="http://www.flickr.com/photos/whitehouse/8033165096/sizes/z/in/photostream/">White House</a>/Flickr

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President Barack Obama’s message to Congress on Friday was straightforward. “Pour some egg nog, have some Christmas cookies, sing some Christmas carols, enjoy the company of loved ones,” he said at a press conference at the White House—and don’t mess up the economic recovery. In his first public statements on the ongoing fiscal cliff negotiations since the collapse of the Republican alternative “Plan B,” Obama hinted at a more piecemeal package than had initially been discussed, with Congress working on a compromise plan on the Bush tax cuts next week.

On Thursday night, shortly before Congress adjourned for Christmas, Speaker of the House John Boehner (R-Ohio) canceled a scheduled vote on “Plan B” (which among other things extended the Bush tax cuts for everyone making less than $1 million a year while raising the top tax rate to Clinton-era levels) because he didn’t have the votes for it within his own caucus. The demise of Plan B, which Boehner had personally lobbied for on the House floor, was a victory for the party’s most conservative members, and almost immediately sparked speculation about whether Boehner’s days as Speaker are numbered. (National Review‘s Robert Costa has the best play-by-play of the chaos at the Capitol I’ve seen.)

So what’s next? Congress has until Dec. 31 to take some sort of action. Or it could just go off “the cliff”—in which case all the Bush tax cuts will expire and massive spending cuts scheduled as part of 2011’s debt ceiling deal would go into effect.

In the meantime, enjoy your egg nog, I guess.

You can watch the president’s statement right here:

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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