WASHINGTON President Barack Obama will host a meeting on Friday with the four top congressional leaders, a White House aide said on Thursday, as the president and lawmakers rush to break a deadlock over the so-called fiscal cliff days before a year-end deadline.
The president will meet with Senate Majority Leader Harry Reid, Senate Minority Leader Mitch McConnell, House of Representatives Speaker John Boehner and House Minority Leader Nancy Pelosi, White House spokeswoman Amy Brundage said.
Obama returned to Washington on Thursday after a truncated Hawaii vacation in an effort to restart stalled efforts aimed at averting tax increases and sharp spending cuts that economists say would push the economy into recession. The Senate also reconvened Thursday and the House of Representatives is due to go back into session on Sunday.
(Reporting By Mark Felsenthal; editing by Stacey Joyce)
Trending On Reuters
What seemed like a possibility for the Nifty to cross the 8,000 mark just two weeks ago has now turned out to be a far-fetched dream. A 7,950-8,000 range could be used to book partial profits and re-enter closer to 7,750-7,800 for the next couple of weeks. The next big trigger would be the arrival of monsoons, writes Ambareesh Baliga. Read