In Washington, cross-party dealmaking hits a rough patch
With his new fiscal commission, President Obama continues his push for bipartisanship. But it may be an uphill slog. On other major issues – healthcare, bank reform, and jobs – it's been hard to find agreement.
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Yet his bid for bipartisanship on budget deficits, amplifying a theme of his State of the Union address, comes as cross-party dealmaking has hit a notable rough patch.
First came the tortuous and so-far unsuccessful negotiations on healthcare reform. Bank-reform legislation stalled in the Senate. Last week, Sens. Max Baucus (D) of Montana and Charles Grassley (R) of Iowa announced the outlines of a job-creation bill, only to have Senate majority leader Harry Reid nix it hours later.