He's one of the most consistently conservative voices in Congress and a favorite of Tea Party activists across the nation. DeMint says he's "not leaving the fight." No organization, he says, is better equipped to push conservative principles than Heritage, a Washington-based think tank.
President Obama is lobbying the CEOs of the nation's largest companies to support him as he tries to reach a budget deal with Republican lawmakers. The president met Wednesday with members of the Business Roundtable. The group urges the extension of Bush-era tax cuts for everyone, including the wealthy.
If Congress fails to reach an agreement on tax increases and spending cuts this year, it will mean sharp reductions in a broad swath of federal spending, from defense and Medicare to education and unemployment benefits. Economists say the cuts would be a serious setback for the economy as a whole.
The president and House Republicans continued to snipe at each other Wednesday over the impending set of automatic tax hikes and spending cuts known as the fiscal cliff. President Obama and House Speaker John Boehner later spoke briefly by phone for the first time in a week, according to reports.
The Obama administration is expected to ask for $50 billion to $60 billion. Top administrators told Congress Wednesday that they want at least some of that money to go toward preventing the kind of devastation caused by Sandy and other recent storms.
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