House Budget Committee Chairman Paul Ryan expects his fellow Republicans to wait until the “last minute” to strike a deal that averts national default by raising the $14.3 trillion limit on the U.S. debt.
Tales from the Trail
A persistent theme of President Barack Obama’s nascent re-election bid has been an expectation that the Democratic incumbent – who amassed a $750 million war chest when he won the White House in 2008 — will break his record this time and become the first candidate to raise $1 billion in campaign funds for 2012.
CORRECTS POLL NUMBER ON OBAMA’S HANDLING OF ECONOMY
The United States is due to hit its $14.3 trillion debt limit today, and tensions are understandably on the increase with Republicans and Democrats wide apart on the budget deal the GOP wants in exchange for increasing the ceiling.
Defense Secretary Robert Gates says friends have sent him humorous versions of the iconic photo of President Barack Obama in the situation room with his national security team watching the raid that killed al Qaeda leader Osama bin Laden.
President Barack Obama comes out ahead against the field of potential Republican hopefuls for the 2012 presidential election, with more than a 10-point lead over the closest of the pack — Mike Huckabee and Mitt Romney, according to a Reuters/Ipsos poll.
Don’t look now, but some of those Republican White House wannabes are finally getting ready to run for the GOP presidential nomination. But whether any of the current crop gets further than the latest deficit talks is another question.