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.
House Speaker John Boehner, an Ohio Republican, plans to meet separately today with Blankfein and other CEOs. Congress and the president are negotiating on ways to avoid the cliff, consisting of $607 billion in tax increases and spending cuts scheduled to begin in January.
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