Leon Panetta, famous here in Washington for being a “budget guy”, has a budget challenge at the Pentagon that few would relish. He probably doesn’t relish it either, but it could be the crowning achievement in a remarkable career if he pulls it off.
Tales from the Trail
Republican some-time folk hero Ron Paul has been mostly missing in action in Florida, a winner-take-all primary state that votes next Tuesday. Currently pulling down only about 10 percent support in the Sunshine State, the Texas Congressman has opted to seek out more fruitful pastures in his quest to assemble delegates for the 2012 convention. Paul’s yard sign elves remain busy, though, and Paulite insurgents have shown up at a number of other events, sometimes jostling with supporters of, for example, Rick Santorum.
Some great news for all you borrowers today from the Fed. Interest rates are likely to remain around zero until at least late 2014. That’s later than previously expected, and to put things in perspective, it’s nearly two years into the term of the president who will be elected in November.
The leading GOP presidential candidates, Mitt Romney and Newt Gingrich, walked into the lion’s den today when they agreed – after much back and forth – to participate separately in a ‘Meet the Candidates’ event co-hosted by Univision Network, the nation’s largest Spanish-language broadcast news outfit.
U.S. voters are looking to President Barack Obama to talk about jobs and the economy in his State of the Union address tonight, but doubt his ability to follow through on his proposals, two recent polls showed.
Republican White House contenders took the race to win their party’s nomination to Florida this week, where they tried to outdo each other on topics important to Floridians–including what to do about Cuba, the small, Communist, Spanish-speaking island that has long frustrated U.S. foreign policy.