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On Friday, President Obama made his first public remarks since winning re-election. He used the moment to insist on greater revenues from the affluent in any deal to avoid the fiscal cliff.

Exit polls show that 71 percent of Latinos voted for President Obama, compared with just 27 percent who picked Mitt Romney. That marks the widest gap in Latino support between two presidential candidates in recent history. Weekends on All Things Considered host Guy Raz speaks with American Conservative Union Chairman Al Cardenas about the GOP's trouble attracting Latino voters.

NPR's Scott Horsley reports on a new Congressional Budget Office report that explores the economic and budget impacts of the "fiscal cliff."

Republicans and Democrats agree: Election season may have ended just four days ago, but it's already time to get back to work. In this case, "back to work" might mean, "back to fighting."

Friday, leaders in both parties made their opening bids on how to deal with the tax, spending and debt problems that face the country at the end of this year.

While the scenario echoes last year's spending battle, there are some differences that could push the parties toward the resolution they never reached last time around.

Where The President Stands

In the East Room of the White House, nearly 200 Obama supporters sat in chairs, ready to jump to their feet the minute the commander in chief entered the room. These were President Obama's first public remarks since election night.

"Now that those of us on the campaign trail have had a chance to get a little sleep, it's time to get back to work. And there is plenty of work to do," he said.

The campaign was challenging. But two days back in Washington was enough to remind everyone that governing is no cakewalk either. Many of the president's lines Friday were lifted directly from his stump speech.

"We can't just cut our way to prosperity. If we're serious about reducing the deficit, we have to combine spending cuts with revenue," he said. "And that means asking the wealthiest Americans to pay a little more in taxes."

The president said he's open to compromise, with one caveat: The rich must pay more. According to Election Day exit polls, six in 10 voters said they agree, a number you're likely to hear a lot from Democrats.

"I'm open to new ideas. I'm committed to solving our fiscal challenges, but I refuse to accept any approach that isn't balanced," Obama said.

Enlarge Susan Walsh/AP

House Speaker John Boehner of Ohio holds a news conference on Capitol Hill Friday.