Wednesday in politics: Obama meets with business leaders and middle class Americans

Phil Pruitt

President Barack Obama, Vice President Joe Biden and Secretary of the Treasury Tim Geithner meet Wednesday with business leaders to discuss ways to avoid the "fiscal cliff" and keep the economy growing. The group includes Frank Blake of The Home Depot, Lloyd Blankfein of Goldman Sachs Group, Joe Echeverria of Deloitte, Muhtar Kent of Coca Cola and Marissa Mayer of Yahoo.

Obama delivers remarks earlier in the day at an event with middle class Americans who would see their taxes go up if Congress fails to extend the expiring George W. Bush-era tax cuts.

The tax cuts, set to end Jan. 1, and deep spending cuts, scheduled to go into effect Jan. 2, make up the fiscal cliff.

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Members of the Campaign to Fix the Debt, including Erskine Bowles, former co-chair of the National Commission on Fiscal Responsibility and Reform, will be on Capitol Hill on Wednesday for meetings with House Speaker John Boehner and Republican leadership, and with House Minority Leader Nancy Pelosi and Democratic leadership. The mission: Urge member members of Congress to reach a deal on avoiding the fiscal cliff during the lame duck session.

And that's not the extent of the fiscal cliff talk on Wednesday. Back at the White House, Vice President Biden will meet with the AFL-CIO Executive Council for talks on deficit reduction and tax cuts.

And then there is this: First lady Michelle Obama will welcome military families to the White House on Wednesday for the first viewing of the 2012 holiday decorations. This year's White House Blue Room Christmas Tree pays tribute to armed forces and features ornaments decorated by children living on U.S. military bases all over the world.

And this: Minnesota Democratic Sens. Amy Klobuchar and Al Franken will host a remembrance event marking the 10th anniversary of the plane crash that killed Sen. Paul Wellstone, his wife, their daughter, and three campaign staffers.

Sources: Yahoo! News, Associated Press