Democrats, presumably craving a respite from discussing health-care reform, are having one of their periodic fights over how liberal to be. With confidence in the government’s competence and integrity at low ebb, many in the party believe that the time is right for a decisive shift to the left.
President Barack Obama embraced much of the business community’s agenda last night, calling for progress on stalled trade pacts, investments in roads and education, reworking the corporate tax code, and freezing discretionary spending to cut the deficit.
A bipartisan group of U.S. senators is closing in on an agreement to expand background checks for gun purchases, a test of how far lawmakers may go to address gun violence after the shootings in Newtown, Connecticut.
Senator Saxby Chambliss said the U.S. House’s 2012 budget proposal by fellow Republican Paul Ryan is “not going to work” because it relies too heavily on spending cuts and doesn’t raise tax revenue to help cut the deficit.
Vice President Joe Biden set a goal of at least $1 trillion in budget cuts from negotiations with congressional leaders on the federal debt as talks turned to Medicare, a contentious issue that risks replicating a partisan divide on Capitol Hill.