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November 30, 2012
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National Pulse 
 
  • Obama makes ambitious opening bid in deficit talks
      
    Boehner/Reuters
    Treasury Secretary Timothy Geithner presented congressional Republicans with ambitious deficit proposals on behalf of President Barack Obama on Thursday, asking for $1.6 trillion in new tax revenues, $50 billion in infrastructure spending in 2013 and the power to raise the debt limit without congressional approval. GOP leaders swiftly rebuffed the offer. Still, the opening gambit offers the first clear insights into the administration's negotiating strategy. Politico (Washington, D.C.) (11/29) , The Wall Street Journal (11/29) LinkedInFacebookTwitterEmail this Story

  • Debt talks are getting nowhere, Boehner says:   No real progress has been made in talks between Republican leaders and the White House, and there is a real danger that scheduled spending cuts and tax increases will go into effect at year-end, House Speaker John Boehner says. Reuters (11/29) , TheFiscalTimes.com (11/30) , Bloomberg (11/30) LinkedInFacebookTwitterEmail this Story
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Reader Polls 
  • This week's poll results: Avoiding the cliff
    On Monday, we asked you for the single most important element Congress and the president should include in their final plan to cut the deficit and avoid the "fiscal cliff." Balancing revenue increases with spending cuts drew the most responses, followed by raising taxes on higher incomes. The full results are below. We also asked those who felt that the best approach was not included on our list to send us their recommendations. Those included passing the Ryan budget, preserving the Bush tax cuts for all taxpayers and freezing all federal spending until revenues catch up. Next week: The tax pledge.
    Balance revenue increases and spending cuts  28.70%
    Increase taxes on higher incomes  18.97%
    Cut spending on non-defense discretionary programs  14.60%
    Increase revenue by limiting deductions and closing loopholes  14.25%
    Do nothing; allow the automatic measures to take effect  7.80%
    Cut entitlements, including Social Security, Medicare, Medicaid and veterans benefits  6.50%
    Increase taxes on everyone  3.62%
    Cut defense spending  3.43%
    None of the above/Other  2.14%
Agenda Items 

Data Points 
  • Romney aides reveal campaign's internal polling numbers
      
    Romney/Reuters
    A former Mitt Romney aide has given the New Republic an exclusive peek at the campaign's internal polling for six key swing states -- and the numbers help to explain why Republicans were so confident they'd win the election, writes Noam Scheiber. The campaign badly overestimated the percentage of the vote that would come from their strongest supporters, in part because it underestimated black, Hispanic and youth turnout, Scheiber explains. The New Republic (free registration) (11/30) LinkedInFacebookTwitterEmail this Story

The Conversation 
Daily Chuckle 

SmartQuote 
I think there is one higher office than president and I would call that patriot."
--Gary Hart, former U.S. senator
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