Geithner, Nabors to meet congressional leaders on budget deal

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.).

The meetings come a day after President Obama accelerated his push for Congress to accept a budget deal that includes tax increases on the wealthiest Americans. At the same time, he warned of the consequences of allowing rates to increase for the middle class.

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.

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