Obama using meeting with company CEOs to pressure Congress on budget deal

Economic IndicatorsAssociated Press

President Barack Obama will urge Congress to avoid another contentious budget showdown in the coming weeks as he speaks to business executives on Wednesday.

A partial shutdown will occur Oct. 1 unless lawmakers provide money to keep the federal government functioning. The GOP-led Congress must navigate an array of competing pressures to reach a deal.

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White House spokesman Josh Earnest says Obama will renew his calls for increased spending in infrastructure, education and scientific research as he meets with members of the Business Roundtable.

The trade group is made up of CEOs from large corporations. It released a survey on Tuesday that shows business executives are cautious about the U.S. economy's near-term prospects.

The group is also calling for a budget agreement, saying predictability is critical to spur investment.