Rep. Nancy Pelosi, the Democratic minority leader in the House, says she's optimistic that Democrats and Republicans will reach a deal that would avoid triggering a wide array of tax increases and spending cuts scheduled to take effect in the new year and that experts say could send the economy into a recession.
There has not been a wave of defections by Republicans who signed on to his "no new taxes" pledge and even the few who have spoken about possibly going along with revenue increases won't do so in the end, anti-tax crusader Grover Norquist told NPR Tuesday.
After meeting with U.N. Ambassador Susan Rice this morning, three key Republican senators emerged to say they're more troubled — not less — by what they say were intelligence failures and misleading information concerning the September attack on the U.S. mission in Benghazi, Libya, which left four Americans dead.
One, Sen. Lindsey Graham of South Carolina, said it's too soon to even be speculating about promoting Rice to be secretary of state.
A grand bargain, a compromise to avert the so-called fiscal cliff, could all come down to one word: revenue. It's now widely agreed that steering away from the cliff — the combination of spending cuts and tax increases set to hit at the start of the year — will require some combination of revenue increases and spending cuts. The central sticking point could well be whether President Obama and Congress can agree on the definition of revenue.
At the moment, the casual observer could easily get the sense that the president and Republicans in Congress are talking past each other.
A handful of congressional Republicans after finishing their Thanksgiving dinners decided to give anti-tax crusader Grover Norquist the brushoff, saying they wouldn't abide by his "no new taxes" pledge as they work on a budget deal.