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Post Show Thoughts: Challenges Ahead in the Second Term

The deadline to reach a deal averting the Fiscal Cliff is just over a month away and there were signs that Washington is willing to compromise on this morning's Meet the Press.

Taxes have long been the sticking point between the two sides and Sen. Carl Levin (D-MI) agreed saying the debate over more revenues is "key" to the negotiations. 

Rep. Peter King (R-NY) seemed to feel the same way, showing interest in making a deal with the other side. 

King said he is opposed to tax increases but "everything should be on the table," and cautioned colleagues that they "should not be taking ironclad positions" before any agreement is made between the White House and Congressional leaders. 

He also argued that a deal can be a good thing to help Washington's image. "We have to show the world we're adults. The election's over."

You can watch the entire program on our website including our roundtable that looked at President Obama's second term and what we can expect from the next four years as well as the still developing conflict in the Middle East involving Egyptian President Morsi and the Israel/Gaza cease fire.  

Plus be sure to check out our PRESS Pass conversation with author and historian Jon Meacham whose new book Thomas Jefferson: The Art of Power chronicles the life of our nation's third president. 

We'll be back next week. If it's Sunday, it's Meet the Press.