Barack Obama set for for fiscal talks
The president wants to find a balanced solution to our deficit challenges and a way to move the economy forward, the official said.
Obama, re-elected to a second four-year term on Tuesday, faces the immediate challenge of preventing the so-called fiscal cliff, a combination of government spending cuts and tax increases due to be implemented in early 2013 that may cut the federal budget deficit, but also tip the economy back into recession.
Obama has scheduled a meeting with Democratic and Republican leaders of the House of Representatives and the Senate on Friday to begin negotiations.
The president will meet with leaders from the labor community and other leaders of the progressive political movement on Tuesday, the official said. Obama will meet with business leaders on Wednesday and civic leaders on Friday, the White House official said.
The president and congressional Republicans have sounded conciliatory notes since the election on reaching a deal to avoid the sudden fiscal shock. The two sides are at odds over raising taxes for top earners.
Obama insisted in his re-election campaign that the wealthy should pay more as part of any fiscal deal, and has said his victory at the polls is an endorsement of that view.
Still, on Sunday, two Republican
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