Obama has named economist Gene Sperling as head of the National Economic Council. The president has made other moves to patch up relations with the business community.
Alan Simpson and Erskine Bowles, co-chairs of President Obama's deficit commission, hope their final report will start an 'adult conversation' about the national debt. But members of Congress might have too much to lose politically to back the report.
Richard Trumka, AFL-CIO president, predicts that Democrats will defy conventional wisdom and keep control of the Senate and House in November. But if Republicans take over even just the House, 'any chance of progress will be ended,' says the union leader.
AFL-CIO President Richard Trumka charged that if Republican political star Sarah Palin is not more careful in her choice of words, the political movement she has helped to create will be linked with 1950s McCarthyism.
House and Senate conferees crafted a final version of financial reform legislation Friday. Both houses are expected to vote on the bill next week.
House Speaker Nancy Pelosi had the formidable task of persuading 216 Democrats to vote for a Senate health care bill that many did not like. This is how she succeeded – and failed.
Organized labor pressed Congress and the White House to ease the 'Cadillac tax' on expensive healthcare insurance policies. This means other ways to pay for a healthcare reform bill will have to be considered – including hospitals, the pharmaceutical industry, and Medicare.
President Obama meets with union leaders Monday. Unions worry that the Senate healthcare reform bill's 'Cadillac tax' on expensive health-insurance policies could affect its members.