HindustanTimes Tue,23 Sep 2014

Obama's fiscal cliff strategy is all about tricky balance

AP  Washington, December 12, 2012
First Published: 22:40 IST(12/12/2012) | Last Updated: 22:42 IST(12/12/2012)

Playing both sides, President Barack Obama is trying to balance his public pressure campaign on Republicans over the looming "fiscal cliff" with his private negotiations with Republican leaders, as the December 31 deadline nears.


Obama's advisers see the approach as key to winning concessions from Republicans on taxes and reaching a deal to avert tax hikes and spending cuts. But Obama's public lambaste of Republican lawmakers as obstructionists for not giving in to White House demands that tax rates rise on the top 2% of income earners could hit their private talks.

The White House says it plans to continue on both tracks.Asked if the president would be more focused on his public efforts or private talks, White House spokesman Jay Carney said "both." "We will continue to engage with leaders on Capitol Hill, we will continue to engage with a broader coalition of people who have a stake in this."

But Republicans have made clear that they see the president's public campaign as a hindrance to private negotiations.

more from Business

Indian BPOs eye LatAm, West Asia for growth

Expanding into Latin American countries would also help them serve US — their largest client — from closer locations. “West Asia is comparatively a virgin market for the Indian BPM companies.
Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved