Evidence is mounting that the economy is taking a hit because Congress can't – or won't – deal with the 'fiscal cliff' looming at year's end. The fight on Capitol Hill last summer over the national debt limit also took an economic toll.
Democrats charge that John Boehner's renewed call for spending cuts as a condition to raise the debt ceiling is 'dangerous,' recalling the standoff last summer that drove consumer confidence – and Congress's approval rating – sharply down.
Congress has an apocalyptic list of issues to deal with after the November elections, including the Bush tax cuts and the sequester. Any chance for compromise could rest on Democrats' willingness to be as ruthless as Republicans have been.
Austerity agendas in France and Greece resulted in voter rebellions this week. It's a sign that the GOP's austerity program for the US is mistaken, says Democratic Rep. Chris Van Hollen.