obama

Eleven chief executives of the country’s largest companies are scheduled to meet with President Obama on Wednesday to discuss a budget compromise that would help avoid the so-called fiscal cliff, according to FOX Business Network (FBN) Senior Correspondent Charlie Gasparino. Gasparino went on to report, “heading the group of CEOs will be General Electric Company (NYSE:GE) CEO Jeffrey Immelt, and Dave Cote, the chief executive of Honeywell International Inc. (NYSE:HON).” He further reported, “Other attendees include the CEOs of Aetna Inc. (NYSE:AET), Xerox Corporation (NYSE:XRX), Wal-Mart Stores, Inc. (NYSE:WMT), Ford Motor Company (NYSE:F), PepsiCo, Inc. (NYSE:PEP), International Business Machines Corp. (NYSE:IBM), Chevron Corporation (NYSE:CVX), American Express Company (NYSE:AXP) and The Procter & Gamble Company (NYSE:PG)” and that “people with knowledge of the matter say other names may be added before Wednesday’s meeting.”

Excerpts from the report are below.

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On President Obama meeting with top executives to discuss the budget:

“As many as eleven chief executives of the country’s largest companies are scheduled to meet with President Obama on Wednesday to discuss a budget compromise that would help avoid the so-called fiscal cliff, an automatic set of tax increases and budget cuts set to go into effect at the end of the year. Heading the group of CEOs will be General Electric CEO Jeffrey Immelt, and Dave Cote, the chief executive of Honeywell; both are key members of the Campaign to Fix The Debt, a private sector initiative designed to prod political leaders to address the country’s debt crisis.  Immelt was also the chairman of the president’s Jobs Council, and while he remained officially neutral during the 2012 presidential campaign, he has told friends he was privately supporting President Obama’s Republican opponent, Mitt Romney. Other attendees include the CEOs of Aetna Inc. (NYSE:AET), Xerox Corporation (NYSE:XRX), Wal-Mart Stores, Inc. (NYSE:WMT), Ford Motor Company (NYSE:F), PepsiCo, Inc. (NYSE:PEP), International Business Machines Corp. (NYSE:IBM), Chevron Corporation (NYSE:CVX), American Express Company (NYSE:AXP) and The Procter & Gamble Company (NYSE:PG), according to a list obtained by the Fox Business Network. A White House spokesman declined to comment; people with knowledge of the matter say other names may be added before Wednesday’s meeting.”