A Meeting with Bipartisan Leadership on Fiscal Policy
02:47 PM EST
This morning, the President and the Vice President hosted a meeting with bipartisan House and Senate Leadership in the Cabinet Room to discuss the fiscal policy vision that President Obama laid out in a speech at George Washington University this afternoon.
In the speech, the President proposed a more balanced approach to achieve $4 trillion in deficit reduction over twelve years. It’s an approach that borrows from the recommendations of the bipartisan Fiscal Commission, and builds on the $1 trillion in deficit reduction proposed in the 2012 budget. At the same time, it will protect the middle-class, defend our commitments to seniors, and make the smart investments we need to create good jobs and grow our economy.