This is WEEKEND EDITION, from NPR News. I'm Linda Wertheimer. It is no coincidence that Mitt Romney makes his vice presidential announcement aboard the U.S.S. Wisconsin, since Congressman Paul Ryan is from the Badger State. The U.S.S. Wisconsin is one of the largest battleships ever built by the U.S. Navy.
The selection of Paul Ryan as Mitt Romney's running mate will energize conservatives and liberals for the same reason. Ryan is the architect of the Republican House budget, which makes him a champion for conservatives, but a lightning rod, as well.
Joining us now to talk about that Ryan budget is NPR's Scott Horsley. Scott, this is a choice that activists in both parties will have something to say about it.
"Senate Majority Leader Harry Reid, D-Nev., announced on Tuesday an agreement to avoid a government shutdown shortly before the November election," The Hill writes. "He said he, Speaker John Boehner, R-Ohio, and President Obama have all agreed to the deal."
Boehner confirmed the news in an email his staff just sent to reporters:
As the federal debt balloons, reducing it would seem more and more pressing. Yet policymakers remain far apart. Debt, deficit and budget rhetoric is often accompanied by numbers cherry-picked to support a particular political view.
But a new book by Wall Street Journal economics writer David Wessel lays out the numbers that both political parties face.
An occasional series,Fiscal Cliff Notesbreaks down the looming "fiscal cliff" of expiring tax cuts and deep automatic spending cuts set to hit around the first of year.
About 80 percent of Americans would see their taxes go up if all the tax cuts signed into law by President George W. Bush were to expire as scheduled at the end of this year. And nearly 100 percent of the highest income earners would have to pay more — including both the Obamas and the Romneys.