Nov. 7 (Bloomberg) -- Greg Valliere, chief political strategist at Potomac Research Group, talks about Barack Obama's re-election as president and its impact on U.S. fiscal policy. Valliere speaks with Tom Keene, Sara Eisen and Scarlet Fu on Bloomberg Television's "Surveillance." (Source: Bloomberg)
The congressional supercommittee seeking a long-term debt-reduction deal over at least $1.2 trillion in deficit cuts remains deadlocked over Democrats’ insistence on tax increases as a deadline for agreement nears.
The Democratic Party’s tax-fairness campaign theme pits Senator Chuck Schumer of New York, among the chief architects of that message, against some of his most influential constituents and top campaign donors.
Federal Reserve Chairman Ben S. Bernanke ’s calls for an immediate plan to control U.S. debt are winning praise from some of the same Republican lawmakers who rebuked him for the central bank’s record monetary stimulus.