Political Capital

Posts tagged: fiscal cliff

Senate Minority Leader Mitch McConnell

Photograph by Andrew Harrer/Bloomberg

Senate Minority Leader Mitch McConnell

McConnell Ad Promotes ‘Fiscal Cliff’ Deal Paul Opposed

  Mitch McConnell’s newest TV ad touts his support for the deal that averted the so-called fiscal cliff 16 months ago, a compromise his Republican colleague from Kentucky, Sen. Rand Paul, and most House Republicans opposed. McConnell, the Senate Minority...

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Senate Majority Leader Harry Reid, right, speaks with Speaker of the House John Boehner on Capitol Hill in this file photo.

Photograph by Jim Watson/AFP via Getty Images

Senate Majority Leader Harry Reid, right, speaks with Speaker of the House John Boehner on Capitol Hill in this file photo.

Boehner vs. Reid: Barroom Brawl

Updated at 3:45 pm EST The rift between Republican John Boehner, speaker of the House of Representatives, and Democrat Harry Reid, majority leader of the Senate, has surfaced behind closed doors as well as in public. Accusing the Senate of...

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U.S. President Barack Obama delivers the State of the Union address to a joint session of Congress at the Capitol in Washington, Jan. 24, 2012.

Photograph by Andrew Harrer/Bloomberg

U.S. President Barack Obama delivers the State of the Union address to a joint session of Congress at the Capitol in Washington, Jan. 24, 2012.

State of the Union: Debt Ceiling Here

President Barack Obama was formally invited today to give this year’s State of the Union address on Feb. 12. That is Abraham Lincoln’s birthday. Obama will take his official oath of office for a second term on Jan. 20 on...

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Chairman Pete Sessions, R-Texas, standing, greets Rep. Michael Burgess, R-Texas, as Rep. Ileana Ros-Lehtinen, R-Fla., looks on, during the first House Rules Committee.

Photograph by Tom Williams/CQ Roll Call

Chairman Pete Sessions, R-Texas, standing, greets Rep. Michael Burgess, R-Texas, as Rep. Ileana Ros-Lehtinen, R-Fla., looks on, during the first House Rules Committee.

Southern Discomfort: Fights Ahead

With President Barack Obama and Congress poised to clash over spending cuts and raising the $16.4 trillion federal debt limit, reaching a deal may be complicated by a North-South divide among Republicans made wider by the 2012 elections. In the South, most...

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Mike Petters, president and CEO of Huntington Ingalls Industries Inc.

Photograph by Christopher Powers/Bloomberg

Mike Petters, president and CEO of Huntington Ingalls Industries Inc.

Huntington CEO Doesn’t See Need for You-May-Be-Fired Notices

The chief executive officer of Huntington Ingalls Industries Inc. says he doesn’t think it would serve the company’s purposes to issue mass-dismissal warnings to workers even if U.S. spending cuts occur later this year. “We are much more of a long-term business,” said...

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Commuters make their way home on a subway in New York.

Photograph by Scott Eells/Bloomberg

Commuters make their way home on a subway in New York.

Bloomberg by the Numbers: 36

That’s the percentage of the public that says changes to tax laws to avert the so-called fiscal cliff will help the economy, according to the Pew Research Center for People & the Press. That compares with 46 percent who say...

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A woman jogs past a roadside souvenir stall displaying T-shirt with President Barack Obama's picture in Washington on Jan. 5, 2013.

Photograph by Jewel Samad/AFP via Getty Images

A woman jogs past a roadside souvenir stall displaying T-shirt with President Barack Obama's picture in Washington on Jan. 5, 2013.

Obama Won Fiscal Talks — a Deal with Split Verdicts, Pew Finds

President Barack Obama has emerged as the winner in the showdown over resolving the tax increases and spending cuts known as the fiscal cliff, even as Americans are closely divided over what they think of the deal, according to a...

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