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Thankless job awaits Jack Lew if he heads to Treasury

January 4, 2013 As early as next week when President Obama has returned to Washington from his Hawaii vacation, he’s expected to name his next Treasury Secretary -- with all signs pointing toward the nomination of Jacob ‘Jack’ Lew. Lew possesses the impeccable resume of a long-time Washington insider. He now works as ...

Fiscal compromise sets stage for new year of mini-cliffs

January 1, 2013 This article has been updated. My, my, how far lawmakers’ ambitions for the fiscal cliff negotiations have fallen in the past two weeks. Aiming to pull the country back from the fiscal cliff, the Senate early Tuesday easily approved a measure that would delay automatic budget cuts known as the ...

Analysis: Newtown shooting provides perspective amid fiscal cliff

December 18, 2012 Two days after the Newtown school massacre, Congress returned to Washington with a more subdued attitude toward partisan bickering and with a newfound focus on finding a compromise on the fiscal cliff. Neither party seemed to want to drag out a public battle over taxing the wealthy, or cutting Medicare ...

Can Boehner sell the GOP on Obama's new fiscal cliff offer?

December 18, 2012 President Obama has made a key concession in talks over how to avoid the fiscal cliff, offering to accept a critical Republican demand for deeper spending cuts in exchange for raising tax rates on Americans making more than $400,000 a year. Now, it’s up to House Speaker John Boehner to ...

White House makes new fiscal cliff counteroffer to GOP

December 17, 2012 In a new counteroffer to House Republicans on the fiscal cliff, the White House has proposed allowing tax rates to rise for those making over $400,000 a year. The proposal would raise $1.2 trillion in new revenue over a decade. It also would use an alternative measure of inflation to ...

Analysis: GOP movement on taxes still leaves huge budget quandary

December 17, 2012 In a sign of movement toward resolving the fiscal cliff, House Republicans have begun to budge on their no-new-tax stance. In a development first broken by Politico, Speaker John Boehner privately signaled a willingness to raise taxes on household income above $1 million. This is not even close to President ...

Boehner, Obama no closer to cliff deal after latest offers

December 12, 2012 After swapping more offers and counter offers early this week, President Obama and House Speaker John Boehner remain hundreds of billions of dollars apart in talks to avert the recession-threatening fiscal cliff, as both frustration and deadline pressure grow. On Monday, Obama gave Boehner a revised offer that lowered the ...

The state of the Paul Ryan brand coming into the debate

October 11, 2012 When Mitt Romney picked Rep. Paul Ryan, R-Wis., as his running mate in early August, both conservatives and liberals rejoiced. Finally, the two parties thought: Here’s a chance to boost or tarnish Ryan’s brand of conservatism—an ideology well-known inside Washington but which not yet been litigated on the national stage. ...

Who are the 47 percent?

September 18, 2012 Mitt Romney’s bashing of the 47 percent of people who pay no federal income taxes may have sounded like a shocking admission to liberals, but it’s a talking point that conservatives--and not just Romney--have grown fond of in the last year as a way to talk about the size of ...

Chris Van Hollen gets a boost from Paul Ryan's rise

August 31, 2012 When one party gains power in Washington, the other side usually loses its stature. But, that scenario hasn't played out in the budget world, as House Budget Committee Paul Ryan burst onto the national stage as the Republican vice presidential candidate. Just as his stock rose, so went the clout ...