President Obama speaks to reporters and answers questions in his first formal news conference since his re-election. Topics addressed include: the resignation of General David Petraeus as CIA director, demographics of the American electorate, the state of the economy, budget negotiations and efforts to avoid the economic "fiscal cliff" in January 2013, potential cabinet appointments, and his agenda for a second term. Obama says his offer to meet with Mitt Romney stands. He criticizes Republican Senators for their attack on UN Ambassador Susan Rice calling their comments "outrageous."
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