Saturday Night Live took on the fiscal cliff negotiations this week. House Speaker John Boehner and President Barack Obama held a joint press conference to announce they had come to an agreement to balance the budget.

What they announced, and why, might surprise you.

Jay Pharoah returned as the president and Bill Hader appeared as very orange John Boehner.

Watch the video above.

Also on HuffPost:

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  • Spartan Cheerleaders

  • Wiig's Surprised Taylor Swift

  • Chris Farley's Chippendale's Audition

  • Sergio And Justin Bieber

  • Bronx Beat

  • I Just Had Sex

  • "We're The Dancers"

  • The Kardashian Divorce

  • James Carville

  • D*cks In Boxes

  • Like A Boss

  • Christmas Time Is Here

  • Church Lady

  • GILLY!

  • Aunt Linda

  • Van Down By The River

  • Listening to "Someone Like You"

  • Barbie Drama (With Britney)

  • Scared Straight

  • Everybody Gettin' Tipsy

  • Surprised Talk Show Hosts

  • Target Lady

  • Belushi And Curtin

  • Prince, Prince, Prince

  • Stefon!

  • Drunk Cinderella

  • Chevy and Gilda

  • Raven Symone

  • The Creep

  • Robert Goulet

  • Spartan Cheerleaders 2

  • Jason The Devil

  • Chevy Chase Weekend Update

  • Bitches Get Stuff Done

  • Sanz Breaking

  • The Original Ladies

  • Weekend Update Couples

  • Donatella and Elton

  • What Up With That?

  • Whitney Weekend Update

  • Brian Fellows

  • Strangling

  • Threw It On The Ground

  • Hader Breaking

  • When Seth Acted In Sketches

  • What Up With That?

  • Mulaney Loves It!

  • Oh, Those Saturday Nights

  • Gilda Winking

  • Green Screen Jay Pharoah