Obama may hold public events on fiscal cliff this week

Jose Luis Magana/AP
With the fiscal cliff steadily approaching, President Obama could hit the road this week in an attempt at garnering public support for increasing tax rates on the wealthiest Americans, The Wall Street Journal reports.

Obama and congressional leaders are unlikely to meet this week, as their staffs are still ironing out policy differences, The Journal reported.

In order to bridge the gap between the two parties, the White House has tapped Treasury Secretary Tim Geithner to lead the negotiations, The Journal reported. During the 2011 debt ceiling negotiations, then-White House budget chief and now-Chief of Staff Jacob Lew led negations. However, Lew clashed with Republican leaders over certain entitlement programs, like Medicaid, The Journal reported.

Although Republicans have come around in recent weeks to the idea of generating more revenue through closing tax loopholes, they are still averse to raising tax rates. Some Democrats, on the other hand, have said they are willing to reform certain entitlement programs, such as Medicare and Medicaid.

And, although some Republicans have said they are willing to walk away from an anti-tax pledge made to Americans for Tax Reform, a group led by influential anti-tax advocate Grover Norquist, Democrats have insisted Republicans have to go further.

If Congress fails to act, the combination of tax increases and spending cuts known as the "fiscal cliff" will kick in at the beginning of next year.
Stay up-to-date with federal news alerts and analysis — Sign up for GovExec's email newsletters.
FROM OUR SPONSORS
JOIN THE DISCUSSION
Close [ x ] More from GovExec
 
 

Thank you for subscribing to newsletters from GovExec.com.
We think these reports might interest you:

  • Forecasting Cloud's Future

    Conversations with Federal, State, and Local Technology Leaders on Cloud-Driven Digital Transformation

    Download
  • The Big Data Campaign Trail

    With everyone so focused on security following recent breaches at federal, state and local government and education institutions, there has been little emphasis on the need for better operations. This report breaks down some of the biggest operational challenges in IT management and provides insight into how agencies and leaders can successfully solve some of the biggest lingering government IT issues.

    Download
  • Communicating Innovation in Federal Government

    Federal Government spending on ‘obsolete technology’ continues to increase. Supporting the twin pillars of improved digital service delivery for citizens on the one hand, and the increasingly optimized and flexible working practices for federal employees on the other, are neither easy nor inexpensive tasks. This whitepaper explores how federal agencies can leverage the value of existing agency technology assets while offering IT leaders the ability to implement the kind of employee productivity, citizen service improvements and security demanded by federal oversight.

    Download
  • IT Transformation Trends: Flash Storage as a Strategic IT Asset

    MIT Technology Review: Flash Storage As a Strategic IT Asset For the first time in decades, IT leaders now consider all-flash storage as a strategic IT asset. IT has become a new operating model that enables self-service with high performance, density and resiliency. It also offers the self-service agility of the public cloud combined with the security, performance, and cost-effectiveness of a private cloud. Download this MIT Technology Review paper to learn more about how all-flash storage is transforming the data center.

    Download
  • Ongoing Efforts in Veterans Health Care Modernization

    This report discusses the current state of veterans health care

    Download

When you download a report, your information may be shared with the underwriters of that document.