President Obama has begun his news conference, his first since August. 

Obama opened his remarks with a focus on the economy and the approaching fiscal cliff. He sounded an optimistic note that Democrats and Republicans could work together. 

"I'm open to compromise and open to new ideas," Obama said. 

Then, in a nod to Red America, he notes a letter sent to him by a man in Tennessee who did not vote for him last week.

“He didn’t’ vote for me, which is OK,” Obama said of the man’s vote. “But what he said was even though he didn’t give me his vote, he’s giving me his support to move this country forward."

The president offered no specifics on where the compromise will happen.

We'll use this space throughout the presser to provide updates and analysis of what the president tells the press.