The White House is looking to trade Medicare and Medicaid cuts, hitting providers not beneficiaries, for some revenue increases. Romney flips back to saying Obama made the economy worse. Frank Rich lists the left’s economic and financial grievances with Obama at length. Obama nominates a more regulation-friendly candidate to oversee national banks.
Correction appended. In early June, TIME has learned, a group of prominent figures on the Christian Right held a conference call to discuss their dissatisfaction with the current GOP presidential field, and agreed that Rick Perry would be their preferred candidate if he entered the race. Among those on the call were David Barton, the [...]
Carlotta Gall has a terrific piece in the Times today, interviewing a former Islamist militant, who maintains that the Pakistani military is behind much of the terrorist activity in south Asia. This is not new, but the level of detail is fascinating. Take, for instance, this tidbit about how the Pakistani military–using a retired general, [...]
“We will not saddle our children and grandchildren with mounds of debts, with promises for funding levels that will not be there in the future,” said the Republican House Speaker, publicly feuding with the Democratic executive over how best to trim yawning deficits. “This is debt that they can’t afford. It’s debt that we can’t [...]
Former Obama Administration budget director Peter Orszag has not exactly worked hard to maintain friendly ties with the White House since he left his post in the summer of 2010. First, he took a job writing columns for The New York Times, the first of which ran in September 2010 and suggested extending the Bush [...]
TIME’s photo editors bring you the best photos of the past week from the Beltway and beyond.
Despite the mania around Michele Bachmann, you can sense a new Washington conventional wisdom hardening around the idea that Mitt Romney is quite likely to be the 2012 Republican nominee. Even John Chait is reconsidering his insistence that Romney is a dead man walking. After all, Tim Pawlenty and Jon Huntsman don’t seem to be [...]
Treasury Secretary Timothy Geithner, the last remaining principal from President Obama’s original economic team, apparently may step down once the debt ceiling gets sorted out. The obvious point to make about Geithner is that he’s a survivor. He almost didn’t get confirmed because of tax problems; his job seemed to be in constant danger early [...]
-Oregon Democrat Peter DeFazio on House Republicans
