SmartBrief on Business & Politics

December 27, 2012

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National Pulse

U.S. government will reach debt ceiling Monday, Geithner says


Geithner/Reuters

Treasury Secretary Timothy Geithner said in a letter to Congress that the U.S. government's borrowing will reach the $16.4 trillion debt limit Monday. The Treasury plans to resort to "extraordinary measures" to allow it to legally keep borrowing. That will buy the government two months before it is unable to meet its financial obligations, Geithner said. The Washington Post (12/26)

What to expect if we go over the "cliff"
The New York Times (tiered subscription model) (12/25)

Agenda Items

Carper: Cybersecurity will be top priority for Senate committee


Carper/Reuters

Sen. Tom Carper, D-Del., says he will make cybersecurity a top priority in 2013 when he takes over as chairman of the Senate Homeland Security and Governmental Affairs Committee. "I mean, it's going on 24/7," Carper said. "Making sure we're addressing this and especially protecting our critical infrastructure, which could hamper our economic recovery and endanger a lot of lives, that's got to be a top priority." The News Journal (Wilmington, Del.) (12/26)

EPA head is stepping down
The Washington Post (12/27)

Hawaii Lt. Gov. Brian Schatz gets Inouye's Senate seat
U.S. News & World Report/The Associated Press (12/27)

Data Points

Rise of the data aggregators


Reuters

Polling aggregators such as FiveThirtyEight and RealClearPolitics got a big boost from the 2012 election cycle, but there are still plenty of doubters. Some accurate polls were dismissed as outliers because of the aggregators' numbers, critics say. "The polls, on balance, understated President Obama's support," admits RCP co-founder John McIntryre. "Our product is only as good as the quality and the quantity of the polls that we use." National Journal (12/27)

The Conversation

Strategist Karl Rove: Obama shouldn't be so stubborn
The Wall Street Journal (12/26)

Editorial: Cost-of-living index needs to change for entitlements
USA Today (12/26)

Rep. Jerry Nadler: Chained CPI is a stealth attack on seniors
USA Today (12/26)

Columnists: Post writers share their predictions, serious and tongue-in-cheek
The Washington Post (12/27)

Daily Chuckle

Best of 2012: 19 of Biden's craziest facial expressions


Biden/Reuters

Vice President Joe Biden seemed at times to be doing "interpretive kabuki pantomime" while debating Rep. Paul Ryan, writes Gavon Laessig. Among the veep's most memorable facial expressions: the "Chuckle Bucket," the "Angry Gibbon" and the "Nyuck Nyuck." BuzzFeed (10/11)

SmartQuote

I have a job to do. … If you think right now I give a damn about presidential politics, then you don't know me."

--Chris Christie, governor of New Jersey

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Recent SmartBrief on Business & Politics Issues: Wednesday, December 26, 2012 Monday, December 24, 2012 Friday, December 21, 2012 Thursday, December 20, 2012 Wednesday, December 19, 2012			Lead Editor: Jim Berard Mailing Address: SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004