Americans want compromise on fiscal cliff

President Barack Obama holds a news conference in the East Room of the White House on November 14, 2012 in Washington, DC.

As President Obama prepares for negotiations with members of Congress on the so-called fiscal cliff, business CEOs and labor leaders are already making preparations for whatever may come.

But what do the American people think?

According to polling firm Gallup, a majority of Americans -- 71 percent -- are following coverage of the issue very or somewhat closely. Frank Newport, editor-in-chief at Gallup, says the polling clearly shows that Americans want compromise. More specifically, Americans want both Republicans and Democrats in Washington to make sacrifices, suggesting that neither party has a mandate on the issue.

Yet, in terms of their preferences for tax hikes versus spending cuts, Newport says, "Americans still [fall] significantly on the cut spending side of the spectrum." However, he notes that some people favor a combination of both.


About the author

Frank Newport, Ph.D., is the editor-in-chief at Gallup and appears regularly on Marketplace.
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Considering Nate Silver at NYT's FiveThirtyEight rates Gallup as one of the least accurate and most biased polls (at least for the 2012 Presidential Election), I'm not sure why Marketplace wastes it time on this. The survey says: I tune out when this comes on.

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