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November 19, 2012

Obama Calls Corporate CEOs as "Fiscal Cliff" Talks Begin 
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President Obama spoke with a number of corporate executives over the
weekend in his ongoing bid to shore up support for tackling the
so-called fiscal cliff of tax cuts and spending hikes set to kick in at
the end of the year. The White House says Obama consulted with top
business leaders, including JPMorgan Chase's Jamie Dimon, investor
Warren Buffet, and the heads of Apple, Boeing and Costco. The
discussions followed the first day of talks with Congressional leaders
on Friday. Both House Speaker John Boehner and Senate Majority Leader
Harry Reid sounded a positive note after Friday's meeting.

House Speaker John Boehner: "We've put revenue on the table as long as
it's accompanied by significant spending cuts. And while we're going to
continue to have revenue on the table, it's going to be incumbent on my
colleagues to show the American people that we are serious about cutting
spending and solving our fiscal dilemma."

Senator Harry Reid: "We're both going to have to give up some of the
things that we know are a problem, and so it's like when we arrive at a
point we all know something has to be done, there is no more let's do it
some other time. We're going to do it now, we feel very comfortable with
each other."

 

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