Skip to content
Subscriber Only

Obama Meets With Boehner at White House in Budget Talks

President Barack Obama is considering a possible budget concession on Social Security cost-of-living increases after House Speaker John Boehner dropped his opposition to raising tax rates for some top earners, said two people familiar with the talks.

Obama and Boehner met for about 45 minutes at the White House today with two weeks remaining to avert more than $600 billion in spending cuts and tax increases set to start in January. Treasury Secretary Timothy Geithner also attended the meeting, according to a Treasury Department statement. Obama is seeking an income-tax rate increase for top earners while Boehner wants to cut spending on entitlement programs.