President Barack Obama on Wednesday will meet with several establishment CEOs at the White House in what is expected to be a “tense” encounter, as part of his effort to push through a package of immediate tax increases and postponed spending cuts.

Many of the CEOs are part of the “Fix the Debt” campaign, a nonpartisan organization founded by former Wyoming Republican Sen. Alan Simpson and Democrat Erskine BowlDebtes. Simpson and Bowles co-chaired Obama’s National Commission on Fiscal Responsibility and Reform.

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