President Barack Obama, laying down his marker for grueling "fiscal cliff" negotiations, said Friday he won't accept any approach to federal deficit reduction that doesn't ask the wealthy to pay more in taxes.

U.S. stock futures fell sharply Friday in some of the heaviest trading this week before President Barack Obama speaks about avoiding the so-called fiscal cliff, an issue that has driven markets lower since his re-election three days ago.

A top Wyoming lawmaker says he believes the state should opt out of expanding its Medicaid program, a key component of the federal Affordable Care Act.