Democrats look at the political landscape and see a win whether a deal gets cut now or after the country goes over the fiscal cliff. In the worst-case scenario, they say, the House will approve legislation the Senate passed in July extending Bush-era tax cuts for everyone but the rich,...
According to the latest national survey by the Pew Research Center for the People and the Press, 55% of adults say President Obama is making a serious effort to work with Republicans on a budget and tax deal, while 32% say Republicans are serious, Other national polls have found similar...
As the deadline to avert the fiscal cliff moves closer, a new Wall Street Journal/NBC News poll shows that 65% of Americans want Congress and the White House to compromise and find a solution that reduces the budget deficit. In order to reach the middle ground, the poll suggests Democrats...
Federal Reserve Chairman Ben Bernanke defended his characterization of the year-end tax hikes and spending cuts as a “fiscal cliff” and not a slope, as some economists and lawmakers have argued. “I think it’s a sensible term,” he told reporters at a Wednesday press conference. The Fed chairman cautioned that...
The Obama team was quickly coming to realize that a Rice nomination was simply going to cost him too much political capital. THE IMPORTANCE OF PICKING YOUR FIGHTS To explain why U.N. Ambassador Susan Rice pulled out of consideration for the secretary of state post, it’s important to remember this...
Former Sen. Chuck Hagel, R-NE, is likely to become the next Defense secretary and tops President Obama’s list of potential nominees, Bloomberg reports. Hagel, who served in Vietnam and has been close to Obama in recent years, would be the administration’s only Republican cabinet member after Transportation Secretary Ray LaHood...
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