President Obama held a meeting and a conference call with a bipartisan group of mayors and county officials Wednesday to talk about ways to avoid a series of spending cuts and tax increases known as the fiscal cliff.
Those at the White House for the meeting: Tampa Mayor Bob Buckhorn; St. Paul Mayor Chris Coleman; Columbus Mayor Michael Coleman; Bluffton, In. Mayor Ted Ellis; Dallas County, Tx. Judge Clay Jenkins; Cincinnati Mayor Mark Mallory; Summit County, Ohio Executive Russ Pry; Avondale, Ariz. Mayor Marie Lopez Rogers; and Laredo Mayor Raul Salinas.
Failure to reach a deal would mean that $500 billion in tax increases take effect early next year, coupled with $109 billion in spending reductions, the first installment toward $1.2 trillion in cuts over two years.