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Monday, Nov 19, 2012 12:36pm
Obama calls Tim Cook, other CEOs for 'fiscal cliff' advice
US President Barack Obama recently called several CEOs for advice on dealing with the upcoming "fiscal cliff" faced by the federal government, according to a White House official in contact with CNN. Four executives have been named, including Apple's Tim Cook, JPMorgan Chase's Jamie Dimon, Boeing's Jim McNerney, and Costco's Craig Jelinek. The calls follow meetings with other CEOs last week, including conversations with General Electric's Jeffery Immelt and American Express' Kenneth Chenault.

Thanks to earlier, failed budget negotiations, federal politicians have until the end of the year to come up with a new deal that will prevent across-the-board cuts and tax hikes that could potentially cripple both the government and the economy. The White House official hasn't said what sort of specific input Obama is searching for from people like Cook, beyond "a balanced deficit-reduction solution that protects the middle class and continues to move our economy forward."