The President called John Boehner and asked him to end the standoff over the reauthorization of the Federal Aviation Administration (FAA) by passing an extension by the end of the week. “Obama called Boehner yesterday, and said this is one thing we can do for job creation pretty instantly,” Carney
Russ Feingold writes that the Catfood Commission is the biggest threat to Social Security. Prior to this week’s debt agreement, it’s been extremely difficult to cut Social Security benefits, because doing so required 60 votes to overcome an almost certain filibuster in the Senate. And rightly so – Social Security
The White House urged Tim Geithner to stay in his post, and apparently they got their wish. But it seems calculated based as much on fitness for the job as on the inability to get a replacement nominee through Congress: Speculation from Washington to Wall Street has intensified because Mr.
Being outside of Washington I don’t get invited to all the cool confabs, but apparently I missed Nancy Pelosi saying that Democrats won’t lose hostage situations again. The theme of the meeting was reluctance to re-hash or second guess debt ceiling strategy and attempt to get people to focus attention
Stocks are down sharply today, as the reality of the global economic predicament begins to dawn on the investor class. But the bond market looks even worse, writes Paul Krugman: The US 10-year bond rate is now down to 2.5%. So much for those bond vigilantes. What this rate is
Mitt Romney is running a haplessly dishonest, but potentially effective general election campaign. I don’t know if he’s going to make it to the general election. But if he does, these are the types of messages you’re going to see. The ad is a little incoherent. It features an Ohio