WASHINGTON — Members of the U.S. Conference of Mayors and the National League of Cities participated in a White House sponsored conference call with President Obama earlier Wednesday to talk about the fiscal cliff and impacts any year-end budget deal would have on state and local governments.

Obama told the groups on the roughly 20 minute conference call that when attempting to fix tax loopholes, he understood the sensitivity to the state and local tax deduction, the charitable deduction, and the exclusion of tax-exempt interest from municipal bonds.

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