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December 6, 2012
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National Pulse 
  • Geithner is "absolutely" prepared to go over "fiscal cliff"
      
    Source: CNBC
    If Republicans won't go along with higher tax rates for America's wealthiest 2%, the Obama administration is ready to let the "fiscal cliff" automatically take effect at year-end, Treasury Secretary Timothy Geithner said. "There's very broad support out there for not just extending these tax cuts for 98% of Americans, but for an agreement that has rates going up with tax reforms that limit deductions alongside a set of substantial long-term savings on the spending side," he said. CNBC (12/5) LinkedInFacebookTwitterEmail this Story

Agenda Items 
  • Should the fiscal talks be held in public?
      
    Reuters
    A number of both right- and left-wingers are calling for the deficit negotiations to be held in public, but so far President Barack Obama has insisted upon strict privacy for his sessions with CEOs, unionists, activists and congressional leaders. That suggests the White House is eager to put pragmatism ahead of transparency, and to avoid public grandstanding that could derail a potential deal, experts say. "Public discussions encourage posturing and allow die-hards to strangle compromise in its cradle," notes William Galston. Politico (Washington, D.C.) (12/6) , The New Republic (free registration) (12/6) LinkedInFacebookTwitterEmail this Story

Data Points 
  • How to restore trust in the U.S. banking industry
      
    Reuters
    Barely a fifth of Americans trust the banking industry, a record low, writes Gallup chief economist Dennis Jacobe. That suggests that a rethink is needed to help both banks and the broader economy. "Politicians, regulators, and bank employees need to recognize that rebuilding a strong U.S. banking system requires more than strong net worth. It requires a robust, positive, and profitable industry," Jacobe writes. Gallup Business Journal (12/6) LinkedInFacebookTwitterEmail this Story

The Conversation 
Daily Chuckle 
  • Ex-senator rides invisible horse
      
    Simpson/Reuters
    Ever wanted to see an octogenarian ex-senator dancing to "Gangnam Style"? Of course you have. Former Sen. Alan Simpson of Wyoming proves he's down with the kids in this video calling on young people to stop Instagramming their breakfast and start using their social media skills to participate in the political process. The Washington Post/The Reliable Source blog (12/5) LinkedInFacebookTwitterEmail this Story

SmartQuote 
Man is by nature a political animal."
--Aristotle, Greek philosopher
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