Commentary Robert Litan With the fiscal cliff behind them, and notwithstanding the brief Inauguration flurry optimism, Hill-watchers are now obsessed with the extended but still looming debt ceiling, the renewed threat of sequestration, and an end-of-March potential government shutdown....

Commentary by Robert Litan, Jan. 17 (Bloomberg) — One of the aftershocks of the financial crisis — even among those who supported the federal rescues — was the widespread revulsion about the need to rescue the creditors of “too-big-to-fail” (TBTF)...

President Barack Obama and his Democratic congressional allies won the fiscal cliff debate, but will they prevail in the next round of deficit chicken? That’s the question pundits and politicians are asking in Washington. The early conventional wisdom – that...