Everything Must Be Touched in Fiscal Debate: Blankfein
Special to CNBC.com
Eariler, Obama called for a "fair and balanced" approach to the crisis, saying that he hoped to have a resolution before Christmas. Republican House Speaker John Boehner expressed optimism about a deal, raising the prospect of additional revenues but only if accompanied by spending cuts.
Blankfein, playing the role of Wall Street's diplomat a year after being pilloried in the press, told CNBC that "we're not telling people what to do. We're not elected to do that, but we do have expertise and the people who are legislating are right to ask our views." (Read more: Who's Visiting Obama?)
(Read More: Obama: Let's Get 'Fiscal Cliff' Deal Before Christmas.)