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Hedge Fund Executives to Meet With White House on Budget Dispute

Dec. 12 (Bloomberg) -- The White House is continuing its outreach to Wall Street executives on resolving the U.S. budget dispute, with a meeting planned today between Valerie Jarrett and hedge fund managers, according to an administration official.

Jarrett, a senior adviser to President Barack Obama, will meet with financial services executives, including Daniel Och, chief executive of Och-Ziff Capital Management, according to the official, who requested anonymity when discussing private meetings.

Today’s Wall Street audience with Jarrett follows her meeting on Dec. 3 with Marc Lasry, managing partner and founder of Avenue Capital Group LLC, and Gary D. Cohn, president of Goldman Sachs Group Inc. Two days later, Obama also addressed the Business Roundtable, an association of chief executive officers, and repeated his argument that more tax revenue needs to come from the top 2 percent of earners.

As Obama works to enlist the support of the financial services industry, he has won praise from some Republicans, including those who raised money for Mitt Romney during the election.

“I think the president is reaching out pretty aggressively in the context of trying to make connections to the other side to get a deficit deal done,” Steve Schwarzman, chairman and chief executive officer of Blackstone Group LP and a Romney donor, said today on CNBC. “It’s pretty clear that we are one nation.”

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