The divide between supercommittee Democrats and Republicans has been over whether tax revenues should be used to reduce deficits. Some Republican members of the supercommittee are now showing support for the idea, but the issue is dividing the GOP.
The STOCK Act, a bill that would ban members of Congress from trading stock based on nonpublic information they get because they're lawmakers, has 61 co-sponsors and counting. What's remarkable about this is the STOCK Act had just nine co-sponsors last week.
Energy Secretary Steven Chu makes a long-awaited appearance on Capitol Hill on Thursday to answer questions about Solyndra, the company the administration backed with loans guarantees only to watch it collapse in bankruptcy.
The congressional panel charged with developing a plan for cutting the nation's deficits by $1.2 trillion over 10 years is days away from its Thanksgiving deadline. While no one can predict exactly what will happen between now and the committee's deadline, here are some possible outcomes.
If a congressional supercommittee fails to agree on $1.2 trillion in deficit reduction, it could trigger automatic across-the-board cuts in spending. Both conservatives and liberals fear the cuts could be draconian. But others say the automatic trigger is the only real hope for curbing government spending.
Gingrich may have found his voice by turning the tables on the political press. Republicans have been doing this fourth-estate two-step for decades — quite explicitly at least since Richard Nixon and Spiro Agnew in 1968. That might work for the back-of-the-pack, but how will it play for a front-runner?
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