Washington (CNN) - Americans now overwhelmingly believe China is the leading economy in the world, according to a new poll, a significant change from two years ago when Americans viewed the U.S. economy and that of China on roughly equal ground.
A Gallup poll released Monday indicates that 52 percent of Americans now name China as the leading world economic power, compared to 32 percent who say the United States is tops when it comes to the economy. When the same questioned was asked in 2009, 39 percent said China while 37 percent named the United States.
Washington (CNN) - Some Republicans continue to hope Jeb Bush will get off the sidelines this presidential election, but a new poll out Monday indicates that President Obama would soundly defeat the former Florida governor.
According to the new survey from Fox News, Obama outpaces Bush by a 54-34 percent margin in a hypothetical head-to-head matchup. That's a significant uptick for the president from a September poll that indicated that Obama would only beat the younger brother of former President George W. Bush by a spread of eight points.
Washington (CNN) - Republican Rep. Jeff Flake of Arizona will announce later Monday that he'll make a bid for the seat of retiring Sen. Jon Kyl, a GOP source confirms to CNN.
The three-term Kyl, the second ranking Republican in the Senate, announced Thursday that he would not run for a fourth term next year.
Washington (CNN) - The Democratic National Committee is out with a new web video Monday that takes aim at several of the positions advocated last week at the Conservative Political Action Conference, the high-profile gathering that serves as an early proving ground for GOP presidential hopefuls.
The 90-second video called "Past Versus Future" highlights positions as abolishing the Department of Education and the Environmental Protection Agency, repealing the health care law, and allowing people to opt out of social security. It then transitions to Democrats – including President Obama – advocating for innovation, education initiatives and job creation.
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CNNMoney: Obama budget to cut $1.1 trillion in deficits
President Obama on Monday will propose a 2012 federal budget that the White House says will cut deficits by $1.1 trillion over 10 years. The president's request calls for a mix of strategic spending to boost U.S. competitiveness and selective belt-tightening intended as a "down payment" on serious deficit reduction, according to his budget director Jacob Lew, who spoke on CNN's "State of the Union." Full details on the budget will be released on Monday morning. So it's not clear yet where all of the estimated $1.1 trillion in deficit reduction will come from, or exactly how significant a swipe it makes at long-term deficit reduction.
CNNMoney: Obama's budget to target education Pell grants
President Obama's budget Monday will propose cutting $100 billion dollars from the Pell grant program and other higher education programs, but use those savings to ensure that eligible students would be able to receive the current maximum award of $5,500 per school year. Jacob Lew, director of the Office of Management and Budget, said Sunday on State of the Union with Candy Crowley that the changes would affect two areas of the Pell grant program. The proposal calls for the end to the policy where students could qualify for two grants in one year - one for the regular academic year and a second for summer school. Only one Pell grant per year would be awarded.