With both President Obama and Senate leader John Boehner expressing optimisim on fiscal cliff negotiations, stock futures are all trading up this morning.
Several Fortune 500 CEOs met with the President to discuss raising taxes for those making more than $250,000. Goldman Sachs CEO Lloyd Blankfein told The Situation Room's Wolf Blitzer yesterday, "If that's what it took to make the math work when you look at the entitlement side and the revenue side, I wouldn't preclude that. of course we would have to do that if the numbers drive that way." Secretary of the Treasury Timothy Geithner will be making the rounds on Capitol Hill today in continued discussions on how to avoid the fiscal cliff.
The economy may be doing better. Today, the third quarter GDP is expected to be revised higher, up .8%.