President Obama and Congressional leaders met at the White House Friday morning and, just as pundits predicted, they could not reach a deal to avert the $85 billion in automatic spending cuts set to begin at the end of the day. We've posted on that news:
Originally published on Thu February 28, 2013 5:17 pm
If New Jersey Gov. Chris Christie was hoping for a return invite to the big CPAC convention this year, he probably should have thought of that before he bad-mouthed House Speaker John Boehner a couple of months back.
Christie was incensed by the House's failure to pass a relief bill helping victims of Superstorm Sandy, which hammered New Jersey and the rest of the Northeast last autumn. In typical Christie style, he did not pull any punches.
After years of tax cuts and a big hike in defense spending, deficits were rising. Then came a bitter battle over the debt limit. Three senators came up with a plan: Unless Congress and the White House could get the deficit under control, this thing called "sequestration" would do it for them.