CEOs to Seek Fiscal Cliff Deal

As executives visit the White House and the Capitol, Reid laments lack of progress toward a deal.

Corporate leaders pressing for a solution to the so-called fiscal cliff will make their case at the White House and the Capitol a day after Senate Majority Leader Harry Reid lamented the lack of progress toward a deal.

Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein is among the executives scheduled to meet with President Barack Obama today. The president is trying to enlist business support for his campaign to extend tax cuts for middle-income Americans while letting rates rise for top earners.

Face to Face

While both parties meet with various stakeholders, Obama and congressional leaders have yet to schedule another face-to-face session. A Democratic congressional aide said Nov. 26 that Obama is delaying inviting the congressional leadership back to the White House this week, as he had planned, because staff-level efforts had made little progress. The aide wasn’t authorized to discuss the talks publicly.

‘Turning Off’

“My advice to the president would be it seems like our friends on the other side are having some difficulty, kind of, turning off the campaign,” McConnell told reporters.

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