Updated Friday, August 1, 2014 as of 8:28 PM ET
Industry - Wirehouses
Blankfein Said to Be Headed to Hill for Fiscal Cliff Meeting
by: Phil Mattingly
Monday, November 26, 2012
Print
Email
Reprints

Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein is among the executives scheduled to meet with U.S. House Republican leaders on the so- called “fiscal cliff,” according to a House aide.

House Speaker John Boehner will host the meeting Nov. 28 in the Capitol building. Others invited include Thomas Wilson, the president and CEO of Allstate Corp., Doug Oberhelman, the CEO of Caterpillar Inc., David Cote, the chairman and CEO of Honeywell International Inc. and Mark Bertolini, the chairman and CEO of Aetna Inc., according to the aide who asked for anonymity because the meeting hasn’t been announced.

Lawmakers, executives and interest groups from across the ideological spectrum are meeting in Washington as policy makers confront more than $600 billion in tax increases and spending cuts set to begin in January.

Blankfein was among the Wall Street executives who signed an Oct. 18 letter to President Barack Obama and lawmakers warning that the inability to address the cuts and tax increases would result in something “the still-fragile U.S. economy cannot sustain.”

The Republican lawmakers, which will include Majority Leader Eric Cantor of Virginia and Representative Kevin McCarthy of California, the third ranked Republican in the House, will be joined by Erskine Bowles, the co-founder of the Campaign to Fix the Debt and co-chairman of Obama’s 2010 fiscal commission.

Greg Sherrill, chairman and CEO of Tenneco Inc., and Nicholas Calio, president and CEO of the Airlines for America, are also scheduled to attend, said the House aide.

The invited CEOs are members of the Fix the Debt campaign’s “CEO Fiscal Leadership Council.” The group, co-founded by Bowles and former Senator Alan Simpson, the other co-chair on Obama’s fiscal commission, is “a non-partisan movement to put America on a better fiscal and economic path,” according to its Web site.

Maya MacGuineas, the president of the Committee for a Responsible Federal Budget and spokeswoman for the campaign, is also scheduled to attend the meeting, according to the aide.

Get access to this article and thousands more...

All On Wall Street articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.

Already Registered?

Lists
2014 Summer Reading List for Advisors

Current Issue

The June Issue is now online!


TWITTER
FACEBOOK
LINKEDIN

Industry Events

August 10, 2014 |

September 9, 2014 |

September 17, 2014 |

September 20, 2014 |

September 28, 2014 |

Already a subscriber? Log in here