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President Obama holds press conference

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WASHINGTON (WKOW) -- President Obama plans to discuss the nation's budget with congressional leaders on Friday.

But, for the first time since his re-election, President Obama holds a press conference offering details on a number of looming issues.

During the press conference he addressed the looming fiscal cliff, the General David Petraeus scandal and the attack on the U.S. Consulate in Benghazi, Libya.

President Obama says he's open to compromise and new ideas about how to tackle our nation's problems. Both Republicans and Democrats are expected to stake out their positions on the fiscal cliff.

President Obama says any deal must not extend tax cuts for the wealthy. However, House Speaker John Boehner says wealthiest Americans should not see their taxes go up.

During the news conference, President Obama addressed the General David Petraeus scandal. He says there is no evidence at this point, that classified information was disclosed in a way that would have negative impact on our national security.

President Obama also blasted top Republicans for criticizing United Nations Ambassador Susan Rice over the administration's initial reason for the attack on the U.S. Consulate in Benghazi.

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