By Amie Parnes - 11/28/12 07:29 PM EST
Treasury Secretary Timothy Geithner and Rob Nabors, the White House director of legislative affairs, will meet Thursday with congressional leaders on Capitol Hill for discussions on the so-called "fiscal cliff."
Geithner and Nabors will have four separate meetings with Senate Majority Leader Harry Reid (D-Nev.), Senate Minority Leader Mitch McConnell (R-Ky.), Speaker John Boehner (R-Ohio) and House Minority Leader Nancy Pelosi (D-Calif.).
In brief remarks at the White House, Obama vowed to "go anywhere" and "do whatever it takes" to reach a compromise.
“It’s too important for Washington to screw this up," Obama said. "Now’s the time for us to work on what we all agree to, which is let's keep middle-class taxes low. That’s what our economy needs. That’s what the American people deserve.”
Obama said he remained hopeful that a deal could be worked out before Christmas.
Republicans said the administration officials should come with a plan to address spending cuts — not just tax hikes on the wealthy.
“We accepted this meeting with the expectation that the White House team will bring a specific plan for real spending cuts – because spending cuts that Washington Democrats will accept is what is missing from the ‘balanced approach’ that the President says he wants,” a spokesman for Boehner said.
This story was updated at 3:35 p.m.