Mulally to join corporate chiefs in U.S. deficit talks with Obama

President Barack Obama and Ford CEO Alan Mulally in a 2009 photo.

Photo credit: KEVIN LAMARQUE/REUTERS
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Theresa Clift
Automotive News
November 13, 2012 - 1:45 pm ET

Ford Motor Co. CEO Alan Mulally will be one of a dozen American corporate leaders meeting with President Barack Obama Wednesday to discuss ways to control the federal deficit, the White House said Monday.

A Ford spokeswoman confirmed Mulally's attendance today.

Unless Congress acts, a combination of tax increases and government spending cuts dubbed the fiscal cliff will take effect Jan. 1, reducing the deficit but posing a danger to the U.S. economy.

Other leaders invited to the meeting are from IBM, Aetna, Xerox, American Express, Honeywell, Wal-Mart, General Electric, Dow Chemical, Procter & Gamble, PepsiCo. and Chevron.

Labor and civic leaders are meeting with Obama today about the same topic.

Gabe Nelson and Reuters contributed to this report

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