President Obama's road trip to push his jobs bill takes him to North Carolina Wednesday. It's the third election battleground state the president has visited in less than a week. He's promoting his plan to prop up the economy with $447 billion in tax cuts and new government spending. Some of that money would go to refurbish outdated school buildings. Obama stressed that idea during a stop in Columbus, Ohio, Tuesday.
Republicans pulled off an upset in Tuesday's special election in New York City to replace former congressman Anthony Weiner. Bob Turner claimed victory over Democrat David Weprin. Turner framed the result as a referendum on the policies of President Obama.
The president's $447 billion jobs bill, which was sent to Congress this week, would end a slew of tax breaks for corporations and those households with annual incomes of more than $250,000. Republicans say there's little chance of Congress accepting the proposal.
At a hearing before the bipartisan deficit-cutting panel on Tuesday, the head of the Congressional Budget Office managed to short-circuit partisan bickering over the debt by laying out some facts: Trimming around the edges is not going to be enough to slash the deficit this fall, Doug Elmendorf warned.
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