New Year's Day typically inspires hope and new beginnings. But this next one may be cause for trepidation. Tax cuts for all income levels expire on Jan. 1, 2013, and most federal programs will face a 10 percent haircut — because Congress failed to agree on a deficit-reduction plan.
Former New Hampshire Sen. Warren Rudman has died. His name will always be linked to a 1980s-era effort to tame the federal budget deficit and to a pre-Sept. 11 warning about the nation's security. And he will be remembered as a "moderate" Republican who could work across party lines.