Budget and Farm Bill Issues
Janet Hook and Laura Meckler reported in today’s Wall Street Journal that, “President Barack Obama on Wednesday inserted himself directly into the congressional impasse over legislation to avert a Jan. 1 tax increase, but there was no sign of a breakthrough as Republicans found themselves in disarray on one of their signature issues.
“House Speaker John Boehner publicly gave little ground to the president or to growing pressure from fellow Republicans, many of whom see the standoff as damaging to their party. (Note: a portion of remarks made yesterday by Speaker Boehner can be heard here (MP3- 1:00)).
“In a 10-minute phone call with the Ohio Republican, Mr. Obama urged the House to approve a two-month extension of the current, lower tax rate, and promised to negotiate a longer extension in the new year, according to administration and congressional officials.”