New Reality: Obama, GOP Talk Compromise, Conflict

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By DAVID ESPO
AP Special Correspondent

WASHINGTON (AP) -- A chastened President Barack Obama signaled a new willingness to yield to Republican demands on tax cuts and jettisoned a key energy priority on Wednesday, less than 24 hours after he and fellow Democrats absorbed election losses so severe he called them a shellacking.

But he bluntly swept aside any talk of repeal of his signature health care law - right after the House Speaker-in-waiting, Rep. John Boehner of Ohio, vowed Republicans would do everything they could to wipe the legislation off the books.

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