Ever since the U.S. financial crash of 2008 and the beginnings of the pending Euro-zone financial collapse, governments have been debating whether securities transactions should be subject to a new tax. Such a levy would discourage bad behavior in the financial markets, but it could have dire unintended consequences.
Many Democrats are angry with the GOP-Obama tax deal. They want to hold out for more GOP concessions. But the expectation is that the tax cuts will still pass, probably with some changes.
Nancy Pelosi wins her bid to remain leader of the House Democrats, as leadership on both sides of the aisle remains largely the same – despite Election 2010's mandate for change.
Social Security is a touchy subject. Alan Simpson, co-chair of Obama's deficit commission, has a colorful mouth and lots of things to say about Social Security. Put the two together and 'poof!' another political brush fire for Obama.
It’s still in flux whether Democratic leaders have the 216 votes needed for passage of healthcare reform. Some lawmakers have announced they'll vote 'yes,' while others have shifted to 'no.'
Frustration at how Washington has managed the 'jobless recovery' is turning some members of Capitol Hill against Treasury Secretary Timothy Geithner – and in favor of a controversial measure by Rep. Ron Paul.
The president meets with skeptics in his own party to boost support for his $3.6 trillion plan.