Tamara Keith

^{Note: We've asked NPR journalists to share their top five (or so) political Twitter accounts, and we're featuring the series on #FollowFriday. Here are recommendations from Tamara Keith (@tamarakeithNPR), an NPR congressional reporter.}

An occasional series, Fiscal Cliff Notes breaks down the looming "fiscal cliff" of expiring tax cuts and deep automatic spending cuts set to hit around the first of year.

About 80 percent of Americans would see their taxes go up if all the tax cuts signed into law by President George W. Bush were to expire as scheduled at the end of this year. And nearly 100 percent of the highest income earners would have to pay more — including both the Obamas and the Romneys.

The Boston Globe reported new details Friday about Mitt Romney's lingering ties to his private equity firm, Bain Capital, after he left Boston to run the Winter Olympics in Salt Lake City.

The Globe says Romney was "not merely an absentee owner" between 1999 and 2002, despite financial disclosure forms that say he "has not been involved in the operations" of Bain Capital "in any way," for more than a dozen years.

The first in an occasional series, Fiscal Cliff Notes, which breaks down the looming "fiscal cliff" of expiring tax cuts and deep automatic spending cuts set to hit around the first of year.

Much of the political focus when discussing the Bush-era tax cuts is on the wealthy, but they're not the only ones who would be affected if the tax cuts are allowed to expire at the end of this year.

The vast majority of American taxpayers would take a hit, including Randi Cartmill and Josh Walling, who live in Madison, Wis., with their three children.

The House Rules Committee takes up a bill Monday called the "Repeal of Obamacare Act." And just like it says, the bill would wipe away the president's Affordable Care Act. A vote of the full House is planned for Wednesday.

It's the first legislative response from House Republicans after the Supreme Court upheld the law. But it is far from the first time the GOP has voted for repeal.

Transcript

LINDA WERTHEIMER, HOST:

In Washington, House and Senate negotiators have reached a deal to fund highway and transportation projects for the next two years. This averts what could have been a dramatic shutdown after years of temporary extensions. The Senate could vote as soon as today, with the House likely to vote Friday.

NPR's Tamara Keith has details.

Just imagine the political fallout: Nov. 2, only days before the election, tens of thousands — maybe hundreds of thousands — of workers receive letters warning that they could be out of a job.

That's exactly what some in the defense industry say will happen if Congress doesn't act soon to reverse sequestration — the across-the-board spending cuts that take effect in January if Congress doesn't agree on a plan to cut the deficit.

When voters go to the polls in California's primary on Tuesday, instead of only being able to vote for candidates in their own party, they will be able to vote for anyone they please.

Tuesday will be the first statewide test of California's new open primary system, where the top two candidates move on to the general election, regardless of party. Backers hope this system will favor moderates.

In California, there aren't very many purple areas. The state has strongly Democratic regions and strongly Republican regions — and the Democrats dominate.

Members of Congress are often criticized for what they do — or rather, what they don't do.

But what about what they say and, more specifically, how they say it? It turns out that the sophistication of congressional speech-making is on the decline, according to the open government group the Sunlight Foundation. Since 2005, the average grade level at which members of Congress speak has fallen by almost a full grade.

The partisan divisions on Capitol Hill are numerous — but Wednesday morning, about two-dozen members of Congress did something entirely nonpartisan. They ran in a 3-mile race for charity, along with their staffs and teams from the executive and judicial branches and the media (including NPR).

The ACLI Capital Challenge is an annual tradition that dates back to 1981, and one senator has run the race every time: Dick Lugar, R-Ind. But Wednesday's race was also his last.