Speaking to Bloomberg, Obama said a potential deal to avert the fiscal cliff would have to include both tax increases and spending cuts.
"We have the potential of getting a deal done," he said. "We’re going to have to see the rates on the top 2 percent go up, and we’re not going to be able to get a deal without it."
On Monday, Obama rejected a plan proposed by House Speaker John Boehner and other Republicans which would have included $2.2 trillion in spending cuts and new tax revenue, without raising rates. Boehner had called it a "credible plan that deserves serious consideration by the White House," according to CNN.
However, the White House rejected it with White House spokesman Dan Pfeiffer saying the plan did not meet "the test of balance."
"It’s not me being stubborn; it’s not me being partisan," Obama said on Tuesday. "It’s just a matter of math."
A poll published on Tuesday showed that a majority of Americans would blame Republicans if the US went over the fiscal cliff on Dec. 31.
According to The Washington Post-Pew Research Center poll, 53 percent of those surveyed said the GOP would take the blame, while 27 percent said Obama would deserve the blame. Around 12 percent said both sides would share the blame.
Nearly 49 percent of those polled expect the deadline to pass without a deal, making the issue of blame more relevant.