Thursday, November 29, 2012

FOXNews.com: Geithner to meet with congressional leaders for 'fiscal cliff' talks

FOXNews.com
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Geithner to meet with congressional leaders for 'fiscal cliff' talks
Nov 29th 2012, 14:36

President Obama is dispatching Treasury Secretary Timothy Geithner to meet with lawmakers negotiating to reach a deal to avert the "fiscal cliff," as the contentious talks go down to the wire amid fears that failure could bring the country into another recession.

Geithner and White House Legislative Director Rob Nabors will meet separately with Senate Majority Leader Harry Reid, Senate Minority Leader Mitch McConnell, Speaker John Boehner and House Minority Leader Nancy Pelosi.

The sessions are seen as an important step in determining how the government will avoid a year-end package of tax increases and spending cuts that could throw the economy into recession.

Republican lawmakers and the White House are at odds, in particular, over President Obama's push to let tax cuts expire for wealthier Americans.

Obama has chosen to delegate discussions with lawmakers to his team until the makings of a deal firm up enough for him to engage directly. He met with the four leaders on Nov. 16 and spoke with Boehner and McConnell by phone last week.

The president also spoke again with Boehner on Wednesday, a source familiar with the conversation told Fox News. A senior administration official would not characterize what was said on the call or say if an in-person meeting is planned. 

Fox News' Kelly Chernenkoff, Peter Doocy and The Associated Press contributed to this report. 

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