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...
Sources close to Obama say the president seeks a lofty historical stature in foreign affairs that will require a bolder agenda. Several big ticket items include stepping up his first-term efforts against the proliferation of weapons of mass destruction, beginning with a promised effort to coax Russia back into the...
With 17 states and Washington, D.C., pursuing their own health exchanges and only six states undecided, at least 27 states will forego creating independent exchanges in order to comply with the Affordable Care Act, the Associated Press reported. Of those states, 19 will leave exchanges entirely up to the federal...
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