November 16th, 2012
01:22 PM ET
The bipartisan leadership of Congress sounded optimistic what they addressed reporters outside the entrance to the West Wing on Friday following their meeting with the president, vice president and members of the White House economic team. House Speaker John Boehner spoke first, calling the meeting "constructive" and vowing to keep additional revenue on the table:
Next, Majority Leader Harry Reid stepped up to the the microphone. Using the common parlance of Washington D.C., Reid also called the meeting "constructive," repeatedly saying that he felt "very good" about what the leaders discussed, and promising not to wait until the last possible moment to get a deal done:
Democratic Leader Nancy Pelosi spoke next, emphasizing that her priority was to send a strong signal to consumers and the markets that the leaders are committed to finding a solution. Pelosi also acknowledged that if they aren't able to find a solution, the consequences could be severe: FULL POST
November 16th, 2012
07:37 AM ET
Today President Obama begins negotiations with congressional leaders on how to avoid the so-called fiscal cliff – severe budget cuts and tax increases that are set to go into effect at the end of the year. House Speaker John Boehner, Leader Nancy Pelosi, Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell will all come to the White House at 10:15 for a meeting with the president and the Vice President Biden in the Roosevelt Room. Later Obama and Biden will meet with civic organizations and other outside groups for yet another listening session on the potential impacts of going over the fiscal cliff.
There is no press briefing today. Here's the schedule as released by the White House: FULL POST
November 12th, 2012
04:37 PM ET
In an email sent to reporters on Sunday night, a White House official laid out President Obama’s meeting schedule for the week culminating in the first round of negotiations with Congressional leaders on how to avoid the impending fiscal cliff at the White House on Friday.
The president will be meeting with leaders from both parties at the end of the week, including Senate Majority Leader Harry Reid, Minority Leader Mitch McConnell, House Speaker John Boehner and Minority Leader Nancy Pelosi.
But before kicking off the conversation with Congress, the president will host two other meetings at the White House “focused on finding a balanced solution to our deficit challenges and moving our economy forward,” the administration official wrote.
First Obama will welcome “leaders from the labor community and other progressive leaders” to the White House on Tuesday. This group will include AFL-CIO president Richard Trumka, SEIU president Mary Kay Henry, NEA President Dennis Van Roekel and AFSCME president Lee Saunders.
On Wednesday, the president will meet with business leaders to hear their concerns. Among those planning to attend Wednesday’s meeting are two members of the President’s Council on Jobs and Competitiveness, American Express Chairman and CEO Kenneth I. Chenault and GE CEO Jeffrey Immelt, who serves as chair of the jobs council. Executives from Aetna, Xerox, Honeywell, Walmart, Dow and Chevron are also expected to attend. On Friday, in addition to the meeting with Congressional leaders, Obama will also meet with “leaders of civic organizations,” according to the official’s statement.
July 17th, 2011
12:16 PM ET
Washington (CNN) - President Barack Obama on Monday will nominate Richard Cordray to head the new Consumer Financial Protection Bureau, the White House said Sunday.
The announcement means Obama has passed over Elizabeth Warren, the firebrand law professor who envisioned the bureau.
If confirmed, Cordray's pick sets up formal leadership for the bureau created under the Wall Street reform bill passed last year. However, many Senate Republicans have vowed to block any nominee to head the bureau, which they argue lacks transparency and accountability.
Warren was staunchly opposed by many business interests as well as members of Congress, and in an approaching election year, it was never clear if Obama would have chosen her for the post.