White House: Obama to meet privately with Romney on Thursday

The Associated Press

WASHINGTON - The White House says President Barack Obama will meet privately Thursday with his vanquished rival Mitt Romney, their first face-to-face encounter since the Nov. 6 election.

Obama promised in his victory speech to engage with the Republican and consider his ideas.

The meeting comes as Obama and congressional Republicans negotiate a way to avoid tax increases and deep spending cuts that are known as the "fiscal cliff" and automatically will take effect Jan. 1.

Obama and Romney differed sharply during the campaign on how to revive the economy. Obama called for higher taxes on the rich. Romney called for lower taxes on all.