President Obama shakes hands with South Korea’s President Lee Myung-bak as they hold a joint news conference at the G20 Summit in Seoul, November 11, 2010. (Reuters/Jim Young)
–Howard Gleckman at the Tax Policy Institute is pretty jazzed about the Simpson-Bowles deficit proposals, but realistic about what the plan really is:
To
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Reuters/Jason Redmond
–Congress returns from recess to a full plate.
–Minority Leader Boehner, for a fleeting moment, flirts with compromise on the Bush tax cuts.
–Jerry Brown takes the bait from that Whitman ad featuring Bill Clinton and, to the chagrin of Democrats everywhere,
–The president will tap long-time economic adviser Austan Goolsbee to head the CEA. The pick augurs continuity with the approach of the past two years and Goolsbee, like the departing Christina Romer, is seen as somewhat of a counterweight to Larry Summers among the White House’s economic voices. Goolsbee, who has been advising …
—The Fed sees “deceleration in overall economic activity.”
–Preisdent Obama used the word “Boehner” more than the word “hope” in his speech on the economy yesterday.
–A few bright spots from this morning: New jobless claims dropped to a two-month low last week and exports hit a near two-year high.
—Ezra Klein talks to …
–The unemployment rate ticked up to 9.6% in August as the economy shed 54,000 jobs. The somewhat silver lining: It’s not as bad as predicted, private companies continued to expand their payrolls and some who feared a precipitous drop into a double dip are breathing a sigh of relief. But the hard reality remains that job creation has …
Reuters/Jim Young
—Obama is going out on a limb by associating himself with the precarious direct Mideast peace talks, writes the L.A. Times.
–Bibi is reassuring fellow Likudniks that he’s made no promises on settlements.
–Martin Indyk knows hope.
–Coming soon to a Harry Reid attack ad near you: Sharron Angle opposed …
The buzz this week is about a 43-year-old Fairbanks lawyer who seems to have knocked Senator Lisa Murkowski out of the Alaskan Republican primary for U.S. Senate. So, who is Joe Miller? Right now, he’s not talking to journalists, so it’s hard to tell but here’s what I’ve managed to gather about him:
The bearded self-described …
House Minority Leader John Boehner today laid out five prescriptions for the Obama Administration on the economy and gave a flavor of what he might do if he becomes Speaker after the midterms. In a speech at Cleveland’s historic City Club, where every virtually president has spoken since Teddy Roosevelt, Boehner slammed the President …
REUTERS/Larry Downing
–The Obama administration is hosting a conference today on “the future of housing finance” The main issue: Figuring out what on earth to do with budget-busting mortgage giants Fannie Mae and Freddie Mac. Republicans want to shut them down, Democrats point out that for now, there is basically no mortgage …
Reuters
–There are a bunch of good races today in Colorado, Connecticut and Georgia. Jay and Katy walk them up.
–The House is poised to approve $26 billion in aid to the states today. Obama will give a gentle nudge.
–Six months ago, Indiana Governor Mitch Daniels signed onto a letter asking for more FMAP funds. He opposes …
Ah, the joys of special session. Today 255 House Dems and 178 House Republicans are making their way back to Washington for a 24-hour session of the lower chamber. The reason? A $26.1 billion bill providing aid to the states that the Senate finally managed to push through before adjourning last week — about half of the original $50 …
–President Obama is headed to Texas today for some fundraisers. Democratic gubernatorial candidate Bill White will make himself scarce.
–Pauls Krugman and Ryan get their feud on. This is why we can’t have nice things.
–Rep. Boehner squirms over a question about the Bush tax cuts paying for themselves. Republican economists …
–BP says the Deepwater Horizon well is sealed and the government is saying most of the oil is gone. That doesn’t mean you won’t be hearing about it on TV this fall:
[youtube=http://www.youtube.com/watch?v=gn43pS3YEPY]
–Sharron Angle’s ads are still focused on Nevada’s abyssal …