Wisconsin standoff: As Gov. Scott Walker ratchets up the stakes, preparing to lay off 1,500 state workers to win the battle against the unions, he may be losing the war of public opinion.
Gas prices are approaching $4 a gallon and oil prices are above $100 a barrel, leading politicians in Washington and statehouses to propose a flurry of legislation. Some proposals strive to quell voter angst while others might balance budgets by raising gas prices. Meanwhile, wind, biofuel, nuclear, and oil industries are lobbying Congress to support more domestic energy production. Many of the proposals are longer-range and thus unlikely to affect short-term gas prices, energy economists say.
No presidential exploratory committee is in sight, but Newt Gingrich said Thursday he will explore running for president. He may have just invented a new stage in the long announcement process.