WASHINGTON (AP) — An end of the year deadline rapidly approaching, top Obama administration officials went to Capitol Hill on Thursday to press the White House case for raising tax rates on upper-bracket earners.
Treasury Secretary Timothy Geithner's sojourn to the Capitol came after President Barack Obama and Republican House Speaker John Boehner conferred briefly Wednesday night by phone on how to avert the economy-rattling "fiscal cliff." It was their first one-on-one discussion in five days.
Obama and Boehner's 15-minute phone call came amid increasing anxiety that the White House and top Republicans are wasting time needed to negotiate a way out of a series of tax increases and spending cuts due to begin in January. Geithner and senior White House aide Rob Nabors came to Capitol Hill to visit separately Thursday with the four leaders of the House and Senate.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.