Publicly the biggest demand from President Obama in the fiscal cliff was to increase tax rates on the wealthy while Republicans’ stated goal was to keep taxes on the rich at their current level. So it is not surprising a deal that ended up raising taxes on the rich was seen as a victory for [...]

The one major take away from President Obama statement about the tax deal last night is that his push for deficit reduction is not over. He still thinks the deficit is “too high” and he is going to spend a lot more time try to get a “balanced” deal to cut it farther. From Obama’s [...]