The Fed conducts incremental unconventional monetary policy via purchasing of debt, while the President can release government-controlled barrels of oil onto the market.

FORBES: Is The White House The New Federal Reserve Of Oil?

They are to continue talks on a new debt target for Greece, which has been a stumbling block for the release of the next 44 billion euros for the debt-strapped nation.

FORBES: Gold Market Expected To Focus On Greece, Fiscal Cliff, Fed Speakers Next Week

International creditors are said to be examining the possibility of Greece extending repayments by ten years, as well as accelerating the release of emergency funds to finance a debt buyback.

FORBES: Euro's Next Move In The Hands Of The Eurogroup

It was a release valve that allowed the parties to reach a deal on the debt limit in the summer of 2011 to avoid sending the nation into default, with the understanding that a broader agreement on the debt and deficit would be reached.

CNN: Cuts will turn off voters GOP is courting