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Some in GOP fed up with Cantor’s antics

Some in GOP fed up with Cantor’s antics

Republican insiders — fed up with the scorched-earth tactics of House Majority Leader Eric Cantor — privately fear the fiery Virginia right-winger could destroy the party’s majority in the House of Representatives with his constant undermining of Speaker John Boehner’s attempts to reach a debt deal with President Barack Obama. But while Republicans fret, Obama […]

Ron Paul opts out of Congress

Ron Paul opts out of Congress

Texas Congressman — and twice-failed Presidential candidate — Ron Paul is effectively ending his political career by choosing to give up his seat in Congress to concentrate on a third try for a Presidency he can’t win. The 75-year-old Paul — a hard-line libertarian with a small but rabid following — announced Tuesday he will […]

Deadlock of inflexible rhetoric

Deadlock of inflexible rhetoric

President Barack Obama and GOP lawmakers, hundreds of billions of dollars short of their goal and seemingly trapped in inflexible bargaining positions, are struggling for agreement on $2 trillion-plus in budget cuts as the price for maintaining the government’s ability to borrow. Lawmakers were asked to return to the White House for talks Tuesday afternoon […]

Anatomy of GOP hardliners

Anatomy of GOP hardliners

On the surface, it would seem like an opportune time for Congress to include targeted tax hikes as part of a cost-cutting package to reduce the huge federal deficit. Federal taxes, as a share of the overall economy, are at their lowest levels since 1950. A return to the higher income tax rates of the […]

Debt limit: Tick, tick, tick…

Debt limit: Tick, tick, tick…

With pressuring continuing to build but no breakthroughs in sight, budget bargaining between President Barack Obama and top lawmakers resumes Monday at the White House, with both sides hoping to slash the deficit as the price for permitting the government to borrow more than $2 trillion to pay its bills. In a rare Sunday meeting […]

Lack of jobs stall economic growth

Lack of jobs stall economic growth

U.S. jobs growth ground to a near halt in June as employers hired the fewest workers in nine months, frustrating hopes the economy would bounce back quickly from a slowdown in the first half of the year. Nonfarm payrolls rose only 18,000, the Labor Department said on Friday. It was the weakest reading since September […]

Grim jobs report casts shadow on debt talks

Grim jobs report casts shadow on debt talks

President Barack Obama used a bleak jobs report Friday to prod Congress toward a swift agreement on deficits and the national debt. But the higher unemployment numbers hardened partisan views that a weak economy can’t tolerate added taxes or cuts in spending, both key to the grand deal Obama seeks. White House, congressional negotiators and […]

Obama’s double whammy: High debt, low jobs

Obama’s double whammy: High debt, low jobs

Immersed in an intense struggle to cut the national debt, President Barack Obama faces a dilemma that will stay with him even if he succeeds in striking a grand deal with Congress: convincing Americans that the entire effort will do anything to create desperately needed jobs. Obama ties deficit reduction to jobs, on the basis […]

Can Pawlenty survive?

Can Pawlenty survive?

Trailing in polls and low on cash, former Minnesota Gov. Tim Pawlenty is betting the future of his presidential campaign on Iowa, where a late summer test vote could make or break him. “We look to the Ames straw poll as a chance to show improvement,” Pawlenty said in an interview this week, acknowledging his […]