President holds press conference about tax cut deal

BILOXI, MS (WLOX) - President Barack Obama is holding a news conference Tuesday at 1:20 p.m.

According to the Associated Press President Obama will take questions about the tax cut deal he's struck with congressional Republicans.

The news conference will be held in the White House press briefing room shortly after Vice President Joe Biden meets with Senate Democrats on Capitol Hill to discuss the compromise.

The deal was announced Monday. It involves a two-year extension of Bush-era tax cuts for all income levels - breaking Obama's campaign promise to allow tax cuts for the rich expire.

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