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November 14, 2012
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National Pulse 
  • Obama seeks higher taxes for wealthy and corporations
    President Barack Obama will open negotiations with congressional Republicans aimed at averting the "fiscal cliff" with a proposal that the rich and corporations pay $1.6 trillion in additional taxes during the next decade, White House officials said. That is twice as much as House Speaker John Boehner, R-Ohio, agreed to during talks with the Obama administration last year. The Washington Post (11/13) , CNN (11/14) , The Hill (11/13) LinkedInFacebookTwitterEmail this Story

Agenda Items 
  • Pelosi to stay on as Democratic leader in the House
      
    Pelosi/Reuters
    House Minority Leader Nancy Pelosi will remain in her position as the House's top Democrat for at least the next two years, her office said this morning. The decision pleased liberals, who had feared Pelosi's likely successor, Rep. Steny Hoyer, would have steered the party in a more conservative direction. "Given her track record, we have high hopes for Nancy Pelosi. Today is a good day for progressive power," said liberal campaigner Adam Green. The Washington Post (11/14) , ABC News/The Associated Press (11/14) , Politico (Washington, D.C.) (11/14) LinkedInFacebookTwitterEmail this Story

Data Points 
  • Infographic: Beware the "fiscal cliff," Mr. President
    Read more about the fiscal cliff: http://www.facethefactsusa.org/facts/Beware-the-fiscal-cliff-Mr-President/  
    Source: Face the Facts USA
    The view from the "fiscal cliff" is enough to give President Barack Obama vertigo. But he can't say he didn't see it coming. The government hasn't spent within its means since 2001. It now spends more than $1 trillion more than it takes in each year, a deficit accumulating at a rate of $41,210 per second. What must the president do to tame the deficit? And what are his options if a contrary Congress refuses to deal? Face the Facts USA (11/9) LinkedInFacebookTwitterEmail this Story

The Conversation 
Daily Chuckle 
  • Cliff notes
    Sick of hearing the same old budget-deficit jargon? NPR asked its listeners to offer catchier alternatives -- so now everyone can forget the "fiscal cliff" and start worrying instead about the "monetary abyss," the "pecuniary precipice," the "fiduciary freefall" or even the "fiscal fiasco." National Public Radio (11/13) LinkedInFacebookTwitterEmail this Story
SmartQuote 
If we don't believe in freedom of expression for people we despise, we don't believe in it at all."
--Noam Chomsky, American linguist and author
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