GOP says weak job report means no tax hikes

WASHINGTON With the Obama administration and Congress looking for a compromise on raising the debt limit and cutting federal deficits, House Speaker John Boehner says that a package that raises taxes on small businesses would make things worse and wouldn't pass the GOP-run House. House Majority Leader Eric Cantor says the same thing, adding, "Republicans will not agree to tax increases. Period."

Obama has insisted that some revenue increases be included in a deficit-reduction plan.

The Labor Department said Friday that the economy added only 18,000 jobs last month. The unemployment rate ticked up slightly to 9.2 percent.

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