Obama not 'likely' to push repeal of Bush tax cuts

Obama adviser Bill Daley says Obama will "more likely than not" postpone a tax increase for the rich until 2011, when the Bush tax cuts expire, rather than pushing to repeal them now.

He made the comment on "Meet the Press," and it's a suggestion that Obama will tailor his initiatives to avoid burdening the struggling economy — even at the cost of a widening deficit.