Goldman Sachs CEO Lloyd Blankfein is among the business leaders invited to the White House tomorrow as President Barack Obama seeks their support for his approach to addressing the fiscal cliff, according to two people familiar with the matter.
Obama’s meeting with the executives, his second such session this month, is part of an administration campaign to pressure Congress to extend tax cuts for middle-income Americans while letting them rise for top earners, according to the people, who requested anonymity because the list of those at the meeting hasn’t been officially released.
Bloomberg reports that U.S. House Speaker John Boehner of Ohio and other House Republican leaders are also scheduled to meet with Blankfein tomorrow and other CEOs pressing for an agreement to avoid the $607bn in automatic tax increases and spending cuts scheduled to take effect in January, according to a House aide.
With the Christmas holiday approaching, the Obama administration is mounting a campaign-style push for public support as the newly re-elected president faces off against congressional Republicans over proposals to avert the so-called fiscal cliff. He met with owners of small businesses today and is planning to visit a toy factory in Pennsylvania this week to help build public support for his plan.
Hit the link below to access the complete Bloomberg article: