Obama Lobbies Big Business

    WASHINGTON, DC - DECEMBER 05:  U.S. President Barack Obama delivers remarks during the closing session of the White House Tribal Nations Conference at the Department of Interior December 5, 2012 in Washington, DC. Obama and cabinet secretaries from his administration addressed the conference, which included breakout sessions on topics like "Protecting Our Communities: Law Enforcement and Disaster Relief," "Building Healthy Communities, Excellence in Education and Native American Youth," and other subjects.  (Photo by Chip Somodevilla/Getty Images)

    Chip Somodevilla / Getty Images

    With negotiations between Democrats and Republicans over the looming fiscal cliff speeding toward nowhere, President Obama courted big business Wednesday, hoping to convince attendees at the Business Roundtable to lobby for his proposal. Currently, the president says he will not sign off on a proposal that does not increase tax rates for the wealthiest Americans, while Republicans say they refuse to raise tax rates. “I am passionately rooting for your success, because if the companies in this room are doing well, then small businesses and medium-sized businesses up and down the chain are doing well,” Obama told the attendees. Work it.

    Read it at CBS News