November 2012

Nov 28, 2012

Cliff notes: Would House Republicans actually vote for a "fiscal cliff" deal that would raise tax rates?

By John Dickerson, Slate Magazine

President Obama is adamant that he will only agree to a “fiscal cliff” solution that raises tax rates on those making over $250,000. The Republicans in the majority in the House of Representatives are adamant that they will not vote for those tax increases—Speaker John Boehner chief among them. I asked a senior House leadership aide the what chances were that Boehner would be able to get a majority of Republicans to vote for a tax increase of any kind: “pretty close to zero.”

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Now touring, the debt duo, Simpson-Bowles

By Jackie Calmes, The New York Times

Theirs is an improbable buddy act that is making for unlikely entertainment from campuses to corporations on a most serious subject: the federal debt. The proof of their appeal: some business groups pay them $40,000 each per appearance. Really. To discuss budgets and baselines.

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To strike fiscal deal, Obama turns to the public

By Alexis Simendinger, Real Clear Politics

President Obama isn’t anchored to a chair in the White House with House and Senate leaders, sweating out a budget deal before Dec. 31 -- not yet anyway. Instead, he’s spending the week meeting with business representatives and other stakeholders before flying Friday to a Pennsylvania toy factory for a photo op to champion middle-class tax breaks.

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Nov 27, 2012

'Zero Dark Thirty': Bin Laden manhunt film based on controversial firsthand accounts: 'Nightline' exclusive

With Martha Raddatz, ABC News

It was the greatest manhunt of all time, the stealthy nighttime raid by the elite SEAL Team Six on Osama bin Laden's compound in Pakistan, which led to the death of the world's most wanted terrorist leader.

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Egypt’s President Morsi emerges victorious from confrontation with country’s judges

By Nancy A. Youssef, McClatchy Newspapers

After days of protests, Egyptian President Mohammed Morsi announced Monday that a sweeping decree issued last week that exempted his decisions from challenges in court will remain in effect on issues pertaining to “sovereign matters,” a result that some were calling a compromise but that appeared to be a sweeping victory for the Islamist president.

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On ‘fiscal cliff,’ both sides lay groundwork for debate’s next phase

By Lori Montgomery and Zachary A. Goldfarb, The Washington Post

Private talks between President Obama and top congressional leaders in search of a deal to avoid the year-end “fiscal cliff” are accelerating, officials said Monday, even as the president began ramping up pressure on Republicans to extend tax cuts for the middle class.

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What do Americans want from a Fiscal-Cliff deal?

By Molly Ball, The Atlantic

Congress is back in session and working on a solution for the looming fiscal cliff crisis [Photo: CNN]

With lawmakers getting down to business on a fiscal-cliff deal, interest groups are working overtime to tell the politicians what voters want them to do.

This matters a lot, obviously; all else being equal, politicians are much more likely to take stands they believe to be political winners. But when it comes to concocting the perfect blend of tax hikes and spending cuts, what the people want is not perfectly clear.

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What happened to spending cuts?

With John Harwood, CNBC

Are we any closer to a tax and fiscal cliff fix? CNBC's own Chief Washington Correspondent John Harwood joins us now with all the details.

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Nov 26, 2012

Petraeus, the comeback general

By Doyle McManus, Los Angeles Times

Gen. David H. Petraeus, long the most famous overachiever in the U.S. Army, is already on his way to a new career distinction: breaking the land speed record for rehabilitation from a scandal.

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‘Fiscal cliff’: Consensus on increasing tax revenue, a wide gulf on how to do it

By Lori Montgomery, The Washington Post

For the first time in decades, a bipartisan consensus has emerged in Washington to raise taxes. But negotiators working to avert the year-end “fiscal cliff” remain far apart on crucial details, including how taxes should go up and who should pay more.

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INFLUENCE GAME: Tax them, not us, groups say

By Charles Babington, Associated Press

A big coalition of business groups says there must be give-and-take in the negotiations to avoid the "fiscal cliff" of massive tax increases and spending cuts. But raising tax rates — a White House priority — is out of the question, the group adds.

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Automatic tax increases could stunt economy's growth in 2013

By Peter Baker, The New York Times

Americans could spend nearly $200 billion less next year on cars, clothes, furniture and other consumer products than they would otherwise if automatic tax increases take effect as currently scheduled, the White House warned in a report issued Monday morning.

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