Boehner: No Deal Without Significant Spending Cuts

When President Obama was reelected on November 6, he told America he wanted to a take a balanced approach to solving the fiscal cliff crisis but today, Speaker John Boehner implied the President hasn't exactly been living up to his word. During a press conference, Boehner announced there has been little progress in the past two weeks on the

"I'm disappointed where we are.... disappointed what's happened over the last two weeks," Boehner said.

The Speaker spoke with President Obama over the phone last night and met with Treasury Secretary Tim Geithner, who has been tapped by Obama to head fiscal cliff talks on behalf of the White House, earlier today.

"Democrats have yet to get serious about real spending cuts," Boehner said. "This is not a game, jobs are the line, the American economy is on the line and this is a moment for adult leadership."

Boehner made it clear revenue will not be on the table so long as spending cuts remain off.