In 2013, on the day at the inauguration of Romney-Biden, both office holders pledged to work together to build the bipartisan support necessary to stop America going over the "Fiscal Cliff". An article from the Deadlocked 2012 Election thread.
Deadlocked Election prevents America going over Fiscal CliffIn a deadlocked election, both Presidential candidates Obama and Romney had won 269 of the 538 electoral votes divided between the states. This result had thrown the outcome of the presidential race into the House of Representatives, which must name the president in the case of a tie. A Romney victory was assured because Republicans had kept control of the House in the election. But the vice presidency was decided in the U.S. Senate, where Democrats maintained their majority and therefore Biden was selected after he caste the deciding vote for himself.
Ironically given Romney's pledge to work across the aisles as he had as Governor of Massachussets, this unique opportunity to solve the Federal Debt Crisis raised a fresh challenge, for each side to accept that dirty word - compromise. During the summer of 2011, outgoing President Obama had appeared tantalisingly close to gaining agreement on a Grand Bargain with Speaker of the House John Boehner. However the agreement had foundered in acrimony with Boehner disparaging business with the Obama White House to "[dealing with] a bowl of Jello". But of course ultimately what was required was for both sides to abandon orthodoxy and accept a trade: cuts in benefits (Medicare,Medicaid, Social security etc.) and domestic spending for tax increases (more revenue, not dancing games on nominal tax rates) and defense cuts. And the real issue, was that each side had wanted the other to feel the pain. The moment of truth had now arrived; sick of a divided (and perhaps dysfunctional) government, the American voting system had delivered an outcome that MIGHT force each side to commit to work together toward a negotiated solution.