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November 20, 2012
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National Pulse 
  • Obama confers with Dimon and Buffett about "fiscal cliff"
      
    Buffett/Reuters
    President Barack Obama consulted over the weekend with corporate leaders, including investor Warren Buffett and JPMorgan Chase CEO Jamie Dimon, about avoiding the U.S. "fiscal cliff." Both business leaders support the president's call to increase tax rates for the wealthy, but Dimon was critical about waiting so long to start talks about the "fiscal cliff." Reuters (11/19) LinkedInFacebookTwitterEmail this Story

  • Boehner seeks leverage with party ahead of deficit talks:   House Speaker John Boehner, R-Ohio, is working to build influence within the Republican Party as a way to exert more pressure on President Barack Obama and Democrats in upcoming deficit talks. The Hill (11/20) LinkedInFacebookTwitterEmail this Story
Agenda Items 
  • Bernanke: Avoiding "fiscal cliff" key to recovery
      
    Bernanke/Reuters
    The chairman of the Federal Reserve Board said finding a solution to the debt crisis could lead the U.S. economy into a very good year in 2013. "Cooperation and creativity to deliver fiscal clarity --in particular, a plan for resolving the nation's longer-term budgetary issues without harming the recovery -- could help make the new year a very good one for the American economy," Ben Bernanke said today speaking in New York. Failure to avoid the "fiscal cliff," however, would "pose a substantial threat to the recovery," he said. Bloomberg Businessweek (11/20) LinkedInFacebookTwitterEmail this Story

Data Points 
  • Chart: Interest on federal debt dwarfs many agency budgets
    Paying off the national debt is already costing American taxpayers $220 billion a year -- more than the budgets of the USDA, the Department of Education, the food stamps program or the Department of State, according to Congressional Budget Office data. "That's a lot of money to be spending on something that doesn't do anything for you," notes Marc Goldwein of the Committee for a Responsible Federal Budget. U.S. News & World Report (11/19) LinkedInFacebookTwitterEmail this Story
The Conversation 
Daily Chuckle 
  • What if Paula Broadwell's "All In" had left nothing out?
      
    Broadwell/Reuters
    What would Paula Broadwell's biography of David Petraeus have been like if she'd told the full truth about her experiences with the retired general? Deeply awkward, suggests "Saturday Night Live," presenting an uncomfortably steamy reading from the hypothetical R-rated biography. NBC.com (11/20) LinkedInFacebookTwitterEmail this Story

Editor's Note 
  • SmartBrief will not publish Thursday or Friday
    In observance of Thanksgiving in the U.S., SmartBrief will not be published Thursday, Nov. 22, or Friday, Nov. 23. Publication will resume Monday, Nov. 26. LinkedInFacebookTwitterEmail this Story
SmartQuote 
Politics, it seems to me, for years, or all too long, has been concerned with right or left instead of right or wrong."
--Richard Armour, American poet and author
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