Janet Yellen: “So like Governor Tarullo, I would be open to a modest increase in the threshold.”

He has explicitly said that he will not agree to raise taxes for people making under $400,000.

The president has made clear that he would veto the bill in the House that ties aid for Israel to cuts in funding for the Internal Revenue Service.

He will oppose any tax increases on families earning under $400,000 at the same time that he will oppose keeping in place benefits that went to the wealthy.

I will never forget it. I was involved in it, and we did everything we could to put together a package of measures that would stop what could have become a run on the banking system.