As a current events enthusiast with a special affinity for fiscal policy, I’ve come across the semi comical phrase “fiscal cliff” quite a few times over the past several months. Odds are this particular term will continue to trend in weeks to come, especially as President Obama and congressional leaders, in a rare display of bipartisanship, try to avoid the [...]
With less than two days to go, Congress and the White House have moved in an expected direction on the debt crisis talks, producing few surprises along the way. On Friday night, House Speaker John Boehner (R-OH)’s version of the debt limit bill finally passed in the House on a 218-210 party-line vote, with no Democrats voting “aye” and 22 [...]
Welcoming and warning the new Congress in the new year, University President Amy Gutmann and Harvard professor Dennis Thompson recently called for increased political compromise in light of bipartisan outrage over President Barack Obama’s tax deal. According to Gutmann and Thompson, the recent retreat away from the principles of political compromise is a result of lawmakers’ permanent campaigning. They explained [...]
Earlier today, President Barack Obama hosted a news conference in which he passionately defended his support of the tax deal currently on the table in Congress. As of now, the agreement consists of an extension of Bush-era tax cuts along with continued insurance for the long-term unemployed, tax cuts for lower-income workers and investment incentives for firms. The tax cuts [...]
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