“After a suffering a ‘shellacking’ in the midterm elections, President Obama acknowledges what many have seen as his chief weakness - failing to sell the importance of several legislative milestones to the American people,” CBS writes of an interview with 60 Minutes to air Sunday. Obama said: "I think that's a fair argument. I think that, over the course of two years we were so busy and so focused on getting a bunch of stuff done that, we stopped paying attention to the fact that leadership isn't just legislation. That it's a matter of persuading people. And giving them confidence and bringing them together. And setting a tone… Making an argument that people can understand. I think that we haven't always been successful at that. And I take personal responsibility for that. And it's something that I've got to examine carefully … as I go forward."
“President Obama sought to retake the political initiative yesterday after a bruising election, inviting Republican and Democratic congressional leaders to meet with him on the economy and jobs,” the AP writes. “The White House confirmed Obama would consider extending Bush-era tax cuts even for wealthy Americans for a year or two. The Nov. 18 meeting will be closely watched, in particular, for any signs of cooperation between Obama and his two frequent Republican antagonists, John Boehner, House speaker-in-waiting, and Mitch McConnell, Senate minority leader. They will be joined by the top Democrats in Congress, House Speaker Nancy Pelosi, and Senate majority leader Harry Reid.”