President Obama is launching a campaign to pressure Republicans and Democrats in Congress to strike a deficit-cutting deal to avoid the fiscal cliff, a collection of economy-busting tax hikes and spending cuts due to hit at the end of the year. On Tuesday, Obama is scheduled to meet with labor and civic leaders, and on Wednesday he'll sit down with business leaders, including the chief executives of Ford, IBM, and Walmart. Obama has said his re-election last week gave him a mandate to close the deficit with a balanced approach that includes spending cuts and tax hikes on families earning more than $250,000 a year. Republican House Speaker John Boehner says he's against raising tax rates, but would consider finding other ways to boost revenue, such as closing tax loopholes.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Why all drugs should be legal. (Yes, even heroin.)
- How to trim $500 from your monthly spending
- Comic-Con 2014: Everything we learned about Avengers 2, Batman v. Superman, and more
- What would a U.S.-Russia war look like?
- Here's the schedule very successful people follow every day
- 7 ideas from ancient thinkers that will improve your modern life
- The big, gaping hole in the liberal policy arsenal
- Are there too many good shows on television?
- The weird obsession that's ruining the GOP
- Blame Obama and U.S. evangelicals for the persecution of Iraqi Christians
Subscribe to the Week