By Alexander Bolton – 02/04/14 06:00 AM EST
Normally the bitterest of enemies, labor unions and the Tea Party are reaching out to each other to defeat President Obama’s trade agenda.
The groups are at separate poles when it comes to taxes, ObamaCare and who should be the next president, but they agree that making it easier for the administration to negotiate and win congressional approval of trade deals is a bad idea.
“This is one of those issues that 90 percent of the left and 90 percent of the right agree on,” Judson Phillips, president of Tea Party Nation, said. Continue reading “Tea Party teams with union leaders to fight Obama’s trade plan”
WASHINGTON — The titanic struggle over how to reach a broad Congressional tax agreement is not just the latest partisan showdown, but rather the culmination of two years of escalating fiscal confrontations, each building on the other in its gravity and consequences. On Sunday, lawmakers could not seem to find one final way out.
From the first fight over a short-term spending agreement to keep the government open in early 2011 to the later tangle over the debt ceiling to the failure of last year’s special budget committee and the resulting automatic spending cuts that now loom along with tax increases, the so-called fiscal cliff was built, slab by partisan slab, to where it now threatens the nation’s finances.
“Something has gone terribly wrong,” said Senator Joe Manchin III, Democrat of West Virginia, “when the biggest threat to our American economy is the American Congress.” Continue reading “A Showdown Long Foreseen”
With just five days left until the year-end deadline, there is little to no sign of a deal on the “fiscal cliff.”
And even if something can be worked out, it may not be in place in time or it might be a scaled-down version of the package that was needed.
These things can change in a moment, but for now, it’s clear that failure of some kind is a distinct possibility. Continue reading “The price of failure on the fiscal cliff”