Beebe on panel to meet with Obama on fiscal cliff - KATV - Breaking News, Weather and Razorback Sports

Beebe on panel to meet with Obama on fiscal cliff

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LITTLE ROCK (Arkansas News Bureau) — Gov. Mike Beebe is scheduled to meet with President Obama on Tuesday as part of the executive committee of the National Governors Association to discuss the fiscal cliff, its impact on states and possible ways to resolve the impasse between Congress and the White House.

Beebe, along with Delaware Gov. Jack Markell, who is chairman of the NGA, Oklahoma Gov. Mary Fallin, Colorado Gov. John Hickenlooper, Minnesota Gov. Mark Dayton, Utah Gov. Gary Herbert and Wisconsin Gov. Scott Walker will meet with Obama at the White House and hold a news conference on their discussions later on the White House lawn.

The fiscal cliff is the expiration of Bush-era tax cuts coupled with reductions in federal spending that are to take place automatically Jan. 1 unless Congress acts to stop them. If Congress does not act, there will be an immediate 9.4 percent across-the-board cut in defense spending and an 8.2 percent reduction in money for domestic initiatives, according to a report released in September by the White House.

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