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Obama May Avoid Talking Sequestration in State of the Union

February 12, 2013 When President Obama delivers his State of the Union address tonight, he’s expected to give scant attention to one of the most pressing issues facing Washington: $85 billion in deep spending cuts set to begin on March 1 for government programs from Head Start to the Food and Drug Administration ...

Why the vote to suspend the debt ceiling didn't end the threat to the U.S. economy

January 25, 2013 Washington breathed a sigh of relief this week when the House passed a bill to temporarily suspend the debt ceiling through May 18—pushing off a massive fiscal fight for yet another day. To the Democrats, it seemed that House Republicans had finally realized that brinkmanship over the economy was bad ...

Analysis: The man who could save Obama's legacy

January 9, 2013 (Editor's note: With President Obama expected to name Jack Lew as Treasury secretary on Thursday, here's a profile in the Nov. 3, 2012 print edition of National Journal.) Jacob Lew isn’t the most obvious figure to be charged with securing the Obama legacy. The purposefully low-key White House operative is ...

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 ...