President Barack Obama met on Wednesday with chief executives of major banks to discuss the government shutdown and the looming deadline to raise the nation's debt limit, the White House said.
Bank chiefs included Lloyd Blankfein of Goldman Sachs, Michael Corbat of Citigroup, Jamie Dimon of JPMorgan Chase & Co, and Brian Moynihan of Bank of America. The meeting was set for noon EDT.
Congressional Republicans and the White House are in a stalemate over government funding,which has forced the first government shutdown in 17 years. Republicans,seeking to stop Obama's signature health care law, have tied spending bills for the fiscal year that started Oct. 1 to defunding or delaying the law, a course rejected by the president and his fellow Democrats.