A storm is brewing in Washington that could darken political debate for months to come. It's about the debt, the deficit, taxes and spending — all hot topics lawmakers have been fighting about for years now.
This time, though, there's a deadline, and the consequences of inaction would be immediate. That has many in Washington saying: Here we go again.
In the past week, President Obama and House Speaker John Boehner have begun a new round of sparring over the U.S. debt ceiling.
European stock markets have rallied in anticipation of an informal summit of European Union leaders Wednesday in Brussels. A major policy pivot is expected to address the eurozone's debts and deficits crisis.
Up to now, European leaders have emphasized austerity, and that has cost some of them their jobs. The new approach is likely to focus on the same kind of growth President Obama has pursued in the United States — where Democrats and Republicans are drawing opposite conclusions from the euro crisis.
President Obama and congressional leaders lunched at the White House Wednesday on sandwiches the leader of the free world purchased during a visit to a Washington, D.C., eatery where he met earlier in the morning with a group of small-business people.
Descriptions of the White House lunch meeting from those on the opposing red and blue teams aware of the details of the discussion made it sound like yet another meeting featuring the nation's top policymakers that you could have accurately described beforehand.
Let others get distracted by the news the day before that President Obama now personally supports gay marriage. Mitt Romney and Speaker John Boehner said Thursday they intended to stay on message and keep hitting the president in what they view as his Achilles heel — the economy.
Being that it's also the issue voters have in repeated polls said is most important to them, it was hard to argue with their decision.