Obama plans to sit down with a dozen chief executives to hear their ideas about how the nation can avoid the tax increases and program cutbacks known as the fiscal cliff.
Many business leaders were also appalled by last summer’s brinkmanship over the debt ceiling, although they largely refrained from criticizing congressional Republicans.
A senior financial industry lobbyist suggested that this year’s fiscal confrontation might play out in a similar way — and that despite the fiscal cliff’s threat to the economy, business groups are unlikely to lean heavily on GOP lawmakers to accede to Obama.
“It’d be a tough position to put ourselves in,” the lobbyist said. “They’ve been helpful.”
United We Dream protesters carry a mock coffin to the office of Sen. Ted Cruz, R-Texas, in the Dirksen Senate Office Building on Monday, July 21, 2014, to hold one of their "funeral services for the Republican Party" due to GOP positions on immigration. The immigration reform group visited several other Senate Republican offices to hold similar funeral services.