The White House and congressional leaders continue to talk about taxes, spending cuts and how to avoid the so-called fiscal cliff that arrives at midnight Dec. 31 — when Bush-era tax cuts are set to expire and automatic spending cuts are set to go into effect.
As NPR and others cover the story, we'll try to to point to interesting reports and analyses. Here are three of the latest.
That's the key question for Congress now that another budget crisis is near. Senate Majority Leader Harry Reid, D-Nev, today said he's ready to do a little two-stepping with Republicans to twirl away from the edge of the so-called fiscal cliff.
"It's better to dance than to fight," the former amateur boxer told reporters at a press conference. "Everything doesn't have to be a fight."
For Republicans itching to regain control of the Senate, Tuesday's election presents a rare opportunity. Only 10 GOP incumbents are on the ballot, compared with nearly two dozen Democrats and independents who caucus with them.
That means the magic number for Republicans is low. They need only a net gain of three or four seats to take over the Senate — and, assuming they keep the U.S. House of Representatives, consolidate their influence on Capitol Hill. Democrats need to pick up 25 seats to seize the House, a goal that political analysts consider all but out of reach.
Minutes ago in the Tampa Convention Center, Senate Minority Leader Mitch McConnell of Kentucky used a sit-down with USA Today and Gannett correspondents to restate one key argument Republicans have been making and will continue to make through Election Day: