This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Let's Not Negotiate Fiscal Cliff Through Media: White House

NEW YORK ( TheStreet) -- Maybe the best way to reach a so-called fiscal cliff deal is to shield the public from backroom details.

On board Air Force One in a gaggle with reporters, White House Press Secretary Jay Carney said on Monday he believed the best prospect of reaching an agreement was to not read details of the conversations between President Obama and head lawmakers.

"Our interest is in seeing if we can reach an agreement and not trying to negotiate an agreement through the media," Carney said, according to the pool report. "I'm entirely sympathetic to the interest that you have in this, but we believe that it's in the best interest of the prospects of getting an agreement to not read out the details of conversations."

House Speaker John Boehner (R., Ohio) met with Obama over the weekend to hash out more specifics to a plan that may help the United States avoid a fiscal cliff -- when tax relief measures and deep spending cuts will automatically go into effect.

Aides familiar with the discussion between the speaker and the president wouldn't reveal what they talked about, but a spokesman for Boehner said "the lines of communication remain open."

Carney reiterated the exact sentiment: "The lines of communication are open. You've seen the president met with the speaker and we broadly speaking continue to engage in this process with important players and stakeholders."

The gaggle occurred during Obama's flight to Redford, Mich., where he would tour a plant of >Daimler Detroit Deisel, a subsidiary of Daimler AG, and deliver a speech to workers there about middle-class tax cuts and the fiscal cliff.

-- Written by Joe Deaux in New York.

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $128.70 0.00%
FB $78.81 0.00%
GOOG $540.78 0.00%
TSLA $230.51 0.00%
YHOO $42.04 0.00%

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs