Republicans Demand Details, Timeline on Spending Cuts

NewsMax is running this story today — Not passing a budget all these years has kept this hidden from American People.

Treasury Secretary Timothy F. Geithner arrives at the Capitol today to face demands from Republican leaders to spell out spending cuts, after President Barack Obama won backing from some corporate executives to raise taxes as part of a deal to avert the fiscal cliff.

Geithner will meet separately with each of the top four leaders in Congress a day after chief executives from more than a dozen U.S. corporations shuttled from the Capitol to the White House and pressed for an agreement to prevent triggering automatic spending cuts and tax increases on Jan. 1.

Obama telephoned House Speaker John Boehner last night, said a White House official who asked for anonymity to discuss the private call. The conversation occurred after Obama met with the business executives who were pushing for action.

“I came out of this meeting optimistic, extraordinarily optimistic that Washington broadly understands the importance of getting something done,” Deloitte LLP Chief Executive Officer Joe Echevarria said after spending more than an hour with Obama and his top aides at the White House.

Several of the CEOs who met with Obama said the group could support raising taxes on high incomes including their own if it were part of a plan that also reins in spending.

And what did Obama say Tax Now Cuts Later.

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