Economy

The GOP’s Two-Headed SOTU Response

House Budget Committee Chairman Paul Ryan did an admirable job rebutting President Obama’s state of the union speech tonight. As Republicans with more stature have learned the hard way, ahem Bobby Jindal, answering the President’s hour-long speech in under 15 minutes can be tough. But the Wisconsin Republican’s biggest competition

Playing Chicken with the Nation’s IOUs

This morning the Treasury officially requested that Congress raise the debt ceiling. This has been a long-anticipated move and Congress cannot fail to act as the consequences would be catastrophic: think downgrading our AAA credit status – in other words, sorry China, we will not be able to pay our debts.

But, the prospect of …

Obama’s Not-So-Lame Record

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Just over a year ago, Saturday Night Live lampooned President Obama for his record, or lack thereof. “There are those on the right that are angry, they think that I’m turning this great country into something that resembles the Soviet Union, or Nazi Germany,” said actor Fred Armisen, …

Morning Must Reads: Tell

Senator Joe Lieberman gives a thumbs up while arriving with Majority Leader Harry Reid for a press conference on ‘Don’t Ask, Don’t Tell’ repeal on December 18. (Brendan Smialowski/Getty Images)

–The new Strategic Arms Reduction Treaty will face a test vote on Tuesday, but the path to 67 votes and final ratification is steep now …

Morning Must Reads: Fees

The U.S. Capitol Dome is lit after the first significant snowfall of the season as the House of Representatives worked late into the evening on December 16, 2010. (REUTERS/Hyungwon Kang)

–The tax deal, including a two-year extension of all the Bush breaks, a temporary payroll tax cut, and assorted other cuts and credits, breezed …

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