In a presidential election year, the Oscar statuettes are not the only gold-plated figures at Hollywood’s annual Academy Awards ceremony. The audience on Sunday will be sprinkled with big political donors — at least to Democrats.
Tales from the Trail
For the past week or so, we’ve watched Democrats and Republicans playing chess on the payroll tax cuts, trying to outmaneuver each other and gain the upper hand in this final bitter budget battle of 2011. Today, it looks like the match moved off the chessboard and into the unknown.
There will be no vacation for you, Congress, until you get your work done. That was the stern message from President Obama today. But it probably wasn’t his warning that pushed Democrats and Republicans to get back to serious negotiations to finish the year’s business. More likely, it was fear of voter backlash.
The good news? Thanksgiving will not be interrupted by eleventh-hour negotiations by the “super committee” to strike a deal to cut the burgeoning deficit. After months of work, the 11 men and one woman called it quits today. Their statement said “it will not be possible to make any bipartisan agreement.” No mention of the word on everyone’s tongues: failure.