President Obama and congressional leaders agreed to strive for a blockbuster deficit-reduction deal and will begin gauging support for a plan to curb entitlements and make tax-code changes.
House Speaker Boehner is open to President Obama’s far-reaching plans to reduce the debt, but other Republicans are not so sure. The political left is steaming amid reports Obama is offering changes to Social Security and Medicare as part of a grand compromise.
POLITICO describes five reasons a debt deal may happen.
Treasury Secretary Geithner told top lawmakers at a White House meeting that failing to raise the debt ceiling soon would have calamitous economic consequences.
An Obama administration official who was the principal architect behind the federal government’s bailout of General Motors Corp. in 2008 may have lied to Congress, lawmakers charged
The House sent a mixed message on U.S. involvement in Libya, voting to block direct American support for rebel forces but refusing to cut off U.S. funding to the NATO mission.
Obama will soon unveil gun control measures.
Tim Pawlenty, the first Republican in the presidential contest, is fighting not to become the first out.
And Obama’s father told immigration authorities he and his pregnant wife intended to give their child up for adoption.