White House lists two dozen leaders to meet with Obama on deficit

WASHINGTON Tue Nov 13, 2012 7:52am IST

Related Topics

Stocks

   
Border Security Force (BSF) soldiers ride their camels as they rehearse for the "Beating the Retreat" ceremony in New Delhi January 27, 2015. REUTERS/Ahmad Masood

"Beating The Retreat" Rehearsals

Rehearsals are on for "Beating the Retreat" ceremony which symbolises retreat after a day on the battlefield, and marks the official end of the Republic Day celebrations.  Slideshow 

WASHINGTON Nov 12 (Reuters) - Two dozen business, labor and civic leaders, including the chief executives of major U.S. corporations such as Ford, IBM and Wal-Mart, will meet President Barack Obama to discuss how to control the federal deficit, said the White House on Monday.

Obama was scheduled to meet labor and civic leaders on Tuesday, followed by a meeting with business executives on Wednesday. A White House official said the leaders would discuss "the best ways to move our economy forward and find a balanced approach to reduce the deficit."

Unless the president and lawmakers agree, a combination of tax increases and government spending cuts will take effect in early 2013, the so-called fiscal cliff that would reduce the deficit but harm the U.S. economy.

Expected at the meeting on Tuesday were four labor leaders - Mary Kay Henry of the Service Employees International Union, Lee Saunders of the public employees union AFSCME, Dennis Van Roekel of the National Education Association and Richard Trumka of the AFL-CIO, the umbrella organization for U.S. labor.

Also at the session on Tuesday would be leaders of civic and politically progressive groups. They were John Podesta and Neera Tanden of the Center for American Progress, Robert Greenstein of the think tank Center on Budget and Policy Priorities, Laura Burton Capps of Common Purpose Project, Max Richtman of the National Committee to Preserve Social Security, Justin Ruben of MoveOn and Deepak Bhargava of Center for Community Change.

Business executives invited to meet the president on Wednesday were Mark Bertolini of Aetna Inc, Ursula Burns of Xerox Corp, Kenneth Chenault of American Express Co , David Cote of Honeywell International Inc, Michael Duke of Wal-Mart Stores Inc, Jeffrey Immelt of General Electric Co, Andrew Liveris of Dow Chemical Co , Robert McDonald of Procter & Gamble Co, Alan Mulally of Ford Motor Co, Indra Nooyi of PepsiCo Inc , Ginni Rometty of IBM, and John Watson of Chevron Corp.

FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

EARNINGS

Reuters Showcase

Vodafone Ruling

Vodafone Ruling

Government will not appeal Vodafone tax ruling   Full Article 

Indian Railways

Indian Railways

Private refiners compete with state firm to sell diesel to railways   Full Article 

Facebook Results

Facebook Results

Facebook tops Wall Street revenue target in 4th quarter.  Full Article 

Tackling Deficit

Tackling Deficit

Government makes push to boost revenue as deficit deadline nears.  Full Article 

Ranbaxy Results

Ranbaxy Results

Dec-quarter net loss widens on forex loss  Full Article 

Tech Talk

Tech Talk

Apple takes high road in China smartphone standoff with Xiaomi.  Full Article 

Business Strategy

Business Strategy

Uber scraps commissions for its New Delhi taxis.  Full Article 

Job Cuts

Job Cuts

Sony to cut 1,000 jobs in smartphone business - sources.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage