Tags: White | House | Deficit | Summit

White House Says No to Deficit Summit

Friday, 10 Dec 2010 12:41 PM

President Barack Obama’s deficit commission recommended he hold a summit meeting with congressional leaders early next year to develop a plan to slash the long-term budget deficit. But after House Democrats’ negative reaction to the recently-consummated tax deal, the White House decided to just say no, Politico reports.

lew, white, house, deficit, summitMembers of the commission offered their suggestion in a meeting Thursday morning with White House budget director Jack Lew (pictured) and Treasury Secretary Tim Geithner, who “didn’t exactly jump at the idea,” a person who attended the meeting tells the news service.

“What’s the quote that somebody said during the financial crisis? ‘I think we’ve had about all the fun we can stand’ on congressional summits,” a White House official says.



© 2015 Newsmax. All rights reserved.

1Like our page
2Share
Newsfront
President Barack Obama s deficit commission recommended he hold a summit meeting with congressional leaders early next year to develop a plan to slash the long-term budget deficit. But after House Democrats negative reaction to the recently-consummated tax deal, the White...
White,House,Deficit,Summit
120
2010-41-10
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved