The budget deal patched together this week is a bad deal for at least three reasons, Reich writes. America would do better with another temporary spending resolution than with Congress's budget deal.
States, not Congress, are taking the lead on climate change laws – from a new cap-and-trade program in California to widespread adoption of renewable electricity standards. Moves to weaken those standards aren't gaining traction in state capitals.
Congressional Republicans are still threatening to refuse to raise the debt ceiling – but the stance is causing growing anxiety for many within the GOP.
Lawmakers who vote to let tax cuts lapse for millionaires would not be violating an antitax pledge, says a group led by activist Grover Norquist. House Speaker John Boehner has put forward such a bill, stirring fury of other conservatives.
As Washington fiddles over the fiscal cliff, a larger battle over inequality is being waged all over America, Reich writes.