Showdown Lunch

Wednesday, May 16, 2012 - 9:50am

President Obama will outline some goals that Republicans aren't going to like.

At the bipartisan white house lunch, President Obama will be making some requests Republicans find hard to swallow.

Today President Obama is issuing a to-do list for Congress, and holding a rare sit-down with top lawmakers from both parties to try to get it all done.

One of the first orders of business is raising the debt ceiling so the government can pay its bills, but House Speaker John Boehner is already drawing a hard line. "When the time comes, I will again insist on my simple principle of cuts and reforms greater than the debt limit increase," said House Speaker John Boehner, (R) Ohio.

And that's setting the stage for another partisan showdown.

If Congress doesn't act before December 21st, the Bush-Era tax cuts go away and deep, automatic spending cuts kick in. "The American people have had enough of this brinksmanship. They want us to get things done." Sen. Majority Leader, Senator Harry Reid (D-NV).

On the view, the President said he still wants to do what Republicans won't- raising taxes on the rich. "I think that everybody sittin' on this couch is probably gonna have to pay a little bit more in taxes, so we don't have to raise taxes for middle class families," said President Barack Obama.

And the President declined to give his economic policies a letter grade - saying he has a to-do list of his own.

Brian Mooar, NBC News.

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