Washington (CNN)– Democratic Rep. James Clyburn, the assistant minority leader, suggested Monday that revenue issues will be a focus of the debt plan President Barack Obama will lay out on Wednesday.
"Well my plan going forward would be, let's get rid of these subsidies for big oil companies…Let's get rid of these tax breaks of people who are creating jobs overseas," the South Carolina congressman said on CNN's American Morning on Monday. "I think that's what the president is going to be talking about when he talks about revenues and expenditures. He's going to be talking about closing these loop holes. He's going to be talking about getting rid of these subsidies and putting our fiscal house in order."
Washington (CNN) - In what's being seen as a major score for Tim Pawlenty, the former Minnesota governor has signed up a leading Republican strategist.
The strategist, former Republican Governors Association Executive Director Nick Ayers, is joining Pawlenty's team as campaign manager for the Minnesota Republican's presidential exploratory committee.
Washington (CNN) - Dogged by a 34 percent approval rating among independents in Florida, a new poll out Monday indicates President Barack Obama would have a tough time beating either Republicans Mitt Romney or Mike Huckabee in that crucial campaign state.
According to the new survey from Sachs/Mason Dixon, Obama trails both past and potential presidential 2012 candidates in head-to-head matchups in the Sunshine State, losing to Romney, the former Massachusetts governor, by a 48-43 percent margin and lagging behind Huckabee, the former Arkansas governor, by a 49-44 percent spread.
NEW YORK (CNNMoney) – Well, that was close.
Halfway through the fiscal year, and countless partisan power plays later, Congress finally managed to reach a deal on the 2011 budget. Its signature feature: $38.5 billion in spending cuts or, as it's referred to by the key players, "the largest spending cut in American history."
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CNN: House takes up budget deal
The House is scheduled to begin considering on Monday a budget deal covering the remainder of this fiscal year. A vote is expected on Wednesday. The Senate would take up the bill at some point after that, according to Jon Summers, a spokesman for Senate Majority Leader Harry Reid's office. Last week, President Barack Obama and congressional leaders negotiated an agreement to cut $38.5 billion in non-military discretionary spending for the rest of the current fiscal year, which ends on September 30. The deal came about an hour before funding authorization for the government was scheduled to expire, which would have partially shut down government operations.
CNN: Obama to lay out long-term deficit plan this week
Fresh off last-minute budget negotiations that averted a partial government shutdown, President Barack Obama this week will lay out his plan for long-term deficit reduction demanded by conservatives. White House Senior Adviser David Plouffe appeared on four Sunday talk shows to announce Obama's intentions and deliver the administration message that further deals like the one reached last Friday night with House Speaker John Boehner, R-Ohio, and Senate Majority Leader Harry Reid, D-Nevada, will be necessary as Congress and the administration face more major budget decisions in coming months.