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Obama-Romney Showdown Starts with a Harsh Tone

On The Radar

The 2012 presidential general election has begun. It won't be pretty. Tuesday marked Day One, in essence, of the contest between the two virtually certain nominees, Republican Mitt Romney and President Barack Obama. Rick Santorum's departure removed the last meaningful bump from Romney's path to the GOP nomination. Romney and Obama wasted no time in portraying the voters' choice in dire, sometimes starkly personal terms.
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Obama's 'Buffett Rule'

On The Radar

CNBC's Eamon Javers breaks down President Obama's tax policy that would ensure millionaires pay the same effective tax rate as the middle class.

Game Over

On The Radar

Over to you, Governor Romney. Rick Santorum has left the Republican presidential race, ending the most successful run by an improbable GOP candidate since publisher Steve Forbes' run in 1996. At the start of the presidential campaign, few in political circles would have predicted that a senator who had lost his last race by 17 points, who had no money, no pollster, and few endorsements, would win 11 contests.
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Rick Santorum to Drop Out of the Presidential Race

On The Radar

Rick Santorum announced Tuesday that he is suspending his presidential campaign, all but bringing to a close the 2012 GOP presidential contest and effectively handing the nomination to Mitt Romney. “We made a decision over the weekend that, while this presidential race for us is over — for me — and we will suspend our campaign effective today, we are not done fighting,” Santorum said at a campaign event in Gettysburg, Pa., the site of the historic and pivotal Civil War battle.

Health-Care Law Will Add $340 Billion to Deficit, New Study Finds

On The Radar

President Obama’s landmark health-care initiative, long touted as a means to control costs, will actually add more than $340 billion to the nation’s budget woes over the next decade, according to a new study by a Republican member of the board that oversees Medicare financing.
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The Buffett Rule Won’t Get You a Job

On The Radar

On the seventh and final page of its background report on the "Buffett Rule," out this morning, the Obama administration finally dives into what it calls “the economic rationale” for imposing a new minimum tax rate on millionaires. If you’re an unemployed American, that placement should be your first red flag. The second should be the rationale itself.
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Obama Holds Key Leads on Romney, as Economy Malaise Looms over Reelection Bid

On The Radar

With the general-election campaign beginning to take shape, President Obama holds clear advantages over Mitt Romney on personal attributes and a number of key issues, but remains vulnerable to discontent with the pace of the economic recovery, according to a new Washington Post-ABC News poll.
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Obama to Make Case for ‘Buffett Rule’

On The Radar

Previewing the message that President Obama will take to Florida on Tuesday, his economic team released a brief report making the case for his “Buffett Rule,” a proposal that would ensure the wealthiest Americans pay at least 30 percent of their income in federal taxes.
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Veterans Return Home to Face Unemployment Battle

On The Radar

Bloomberg's Julianna Goldman reports that as tens of thousands of young veterans come home from the wars, many are struggling to find work with civilian employers who don’t recognize their skills, haven’t shared their experiences and aren’t sure what to make of them.
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‘Super PAC,’ Eyeing General Election, Aims Blitz at Obama

On The Radar

American Crossroads, the biggest of the Republican “super PACs,” is planning to begin its first major anti-Obama advertising blitz of the year, a moment the Obama re-election campaign has been girding for and another sign that the general election is starting in earnest. With an anticipated bank account of more than $200 million, officials at American Crossroads said they would probably begin their campaign this month.