Deborah Solomon News
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News that former Treasury Secretary Tim Geithner will write a book has prompted lots of chattering on Wall Street and in Washington.
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In 2010, several members of Congress lost their re-election bids as a result of voting for the $700-billion financial bailout.
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(Corrects date in eighth paragraph.)
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Washington's penchant for high-stakes drama is now manifesting itself in another fight over the debt limit, with some top Democrats suggesting that President Barack Obama should invoke the 14th Amendment and raise the $16.4 trillion debt ceiling unilaterally.
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It seems inevitable that the deal to resolve the fiscal cliff will involve a tax increase on the highest earners. As my colleague Deborah Solomon pointed out this month, that may create an accidental legacy for Mitt Romney: A proposal he threw out off the cuff during the presidential campaign to limit itemized deductions is a plausible compromise that would raise revenue without raising tax rates.
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President Barack Obama and House Speaker John Boehner must enjoy the art of haggling. How else to explain the painfully long, drawn-out negotiations over a fiscal-cliff deal whose parameters are by now well-known?
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Could Mitt Romney ultimately be the architect of a fiscal cliff deal?
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President Barack Obama traveled to Oklahoma -- the heart of Republican territory -- to beat back criticism that his administration's energy policies are driving up gas prices, announcing an expedited review of a portion of a controversial oil pipeline.
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Speculation is building over who might replace Tim Geithner as Treasury secretary if President Barack Obama wins a second term. Less attention is being paid to what Geithner -- who's made no secret of his plans to leave -- might do next.
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So what if we went over the fiscal cliff?
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