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That’s essentially the political query of the moment and CBS News polled the precursor to that question: More Americans disapprove than approve of how President Barack Obama is handling the negotiations with members of Congress about raising the debt ceiling, but Democrats and Republicans in Congress fare even worse. 43% approve of how the President [...]
On Friday, President Obama’s campaign released a list of bundlers, the elite fundraisers who collect checks from their very rich friends and families, funneling hundreds of thousands of dollars to a presidential candidate throughout an election season. There are plenty of holdovers from Obama’s 2008 campaign — famous names like Vogue editor Anna Wintour and [...]
I can speculate about why Obama didn’t pick Elizabeth Warren to run the Consumer Financial Protection Bureau, but I’m not sure she knows either. Here’s the long view: Obama could have dumped the CFPB in the legislative process that led to the Dodd-Frank financial reform bill. In fact, he was pressured by some Democrats — [...]
A series of doomed deficit reduction votes in Congress could build support for the McConnell-Reid contingency plan to raise the debt ceiling. Goldman gets bearish on economic outlook. With Warren now opened up for a bid, the Globe surveys the state of Massachusetts’ Senate race. Romney is relying on big donors, Bachmann is relying on small donors and Pawlenty [...]
Washington’s debt-ceiling talks have entered a new and desperate phase. With two weeks to go until the U.S. begins to cut government services to avoid defaulting on its credit obligations, negotiators are further apart on a plan to stem the nation’s deficits than they have ever been. Spring talks led by Vice President Joe Biden [...]
President Obama nominated Richard Cordray, a former Ohio attorney general and state lawmaker, to run the nascent Consumer Financial Protection Bureau on Sunday. The announcement comes just four days before the CFPB, set up in 2010′s sweeping overhaul of the financial sector, is set to open its doors, and marks the beginning of the end [...]
David Leonhardt does his usual excellent job explaining why the economy is lagging: People are still more concerned about working down their debts than in buying new things (and running up new debts). As candidate Barack Obama told me in October, 2008, “The easy credit economy is over and we have to find what’s going [...]
Mark Blumenthal has put together an array of polling that shows the influence of the Tea Party on the Republican Party. The bottom line spells dark times for reasonable conservatives. The Tea Party represents a critical mass of Republican primary votes, and a distinct minority of the general electorate. This means one thing short-term and [...]
TIME’s photo editors bring you the best photos of the past week, from the Beltway and beyond
President Obama visited the White House briefing room again on Friday to talk about his standoff with Republican leaders over the national debt. Obama didn’t have much to offer in the way of new ideas or specifics. Instead, he once again implored Republicans to budge from their insistence that any deficit reduction deal not include [...]
