President Obama has hardened his views on “fiscal cliff” negotiations with congressional Republicans, with Treasury Secretary Timothy Geithner telling a closed-door session of congressional leaders that Obama is now demanding $50 billion in more “stimulus” spending, $1.6 trillion in higher taxes over 10 years, and presidential control over the national debt limit. Any other deal, Geithner counseled, would be vetoed and make inevitable the fiscal cliff's the automatic tax increases and spending cuts on January 1.
Texas Republican Ron Paul, Ohio Democrat Dennis Kucinich, and New Jersey Democrat Rush Holt are continuing the fight in the House of Representatives against the use of drones for targeted killing by the Obama administration. They have once again called upon the Obama administration to release documents to justify the use of the overseas drone strikes.
In what might loosely be described as the "spirit of the season," the Congress of the United States will likely put together a huge grab bag "with a lot of stuff in it," including tax- and debt-ceiling increases, and drop it down the nation's chimney before adjourning for its Christmas recess, Sen. Rand Paul (R-Ky.) predicted Monday.
According to European Commission documents released Tuesday by WikiLeaks, two high-ranking U.S. politicians are responsible, at least in part, for a financial blockade that the organization claims has cut off 95 percent of its revenue. Those politicians are Sen. Joseph Lieberman (I-Conn.) and Rep. Peter King (R-N.Y.), both of whom pressured MasterCard, and possibly Visa, into refusing to process payments to WikiLeaks, the documents reveal.
The "pendency plan" just passed by the San Bernardino, California, city council includes "renegotiating" its pension liabilities with CalPERS, the country's largest pension plan.