President Barack Obama addressed economic issues Friday afternoon, soon after House Speaker John Boehner made his own comments on the topic.
"Our top priority has to be jobs and growth ... a plan to reduce our deficit," he said, according to CNBC's Twitter page.
He also said he will work with both parties to deal with the country's fiscal issues and that leaders must combine spending cuts with creating new revenue.
"I'm open to compromises and new ideas to solve fiscal issues; I refuse to accept any approach that isn't balanced," he said.
Wealthy people must pay a little bit more in taxes, and he said he was encouraged by Boehner's comments from earlier Friday.
According to USA Today, Boehner expressed some optimism about resolving the issues and said that leaders need to look at revenue and spending.
But if Congress can't agree, everyone will pay more taxes beginning in January 2013, he said.
According to CNBC, Boehner said he is "proposing that we avert the fiscal cliff together in a manner that ensures that 2013 is finally the year that our government comes to grips with the major problems that are facing us."
He also said he opposes raising taxes on the richest Americans.