In Debt Talks, Obama Is Ready to Go Beyond Beltway

11/12/2012

President Obama, emboldened by his decisive re-election and lessons learned over four years in office, is looking to the renewal of budget talks with Republicans this week as a second chance to take command of the nation’s policy debates and finally fulfill his promise to end gridlock in Washington, associates say

As he prepares to meet with Congressional leaders at the White House on Friday, aides say, Mr. Obama will not simply hunker down there for weeks of closed-door negotiations as he did in mid-2011, when partisan brinkmanship over raising the nation’s debt limit damaged the economy and his political standing. He will travel beyond the Beltway at times to rally public support for a deficit-cutting accord that mixes tax increases on the wealthy with spending cuts.

On Wednesday, Mr. Obama will meet with corporate executives at the White House as he uses the nation’s fiscal problems to start rebuilding relations with business leaders. Though many of them backed Mitt Romney, scores have formed a coalition to push for a budget compromise similar to the one the president seeks. He hopes to enlist them to persuade Republicans in Congress to accept higher taxes on the assurance that he can deliver Democrats’ votes for future reductions in fast-growing entitlement programs like Medicare and Medicaid.

Read more: http://www.nytimes.com/2012/11/12/us/politics/legacy-at-stake-obama-plans-broader-push-for-budget-deal.html


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