A grand bargain, a compromise to avert the so-called fiscal cliff, could all come down to one word: revenue. It's now widely agreed that steering away from the cliff — the combination of spending cuts and tax increases set to hit at the start of the year — will require some combination of revenue increases and spending cuts. The central sticking point could well be whether President Obama and Congress can agree on the definition of revenue.
At the moment, the casual observer could easily get the sense that the president and Republicans in Congress are talking past each other.
A handful of congressional Republicans after finishing their Thanksgiving dinners decided to give anti-tax crusader Grover Norquist the brushoff, saying they wouldn't abide by his "no new taxes" pledge as they work on a budget deal.
Comedians Keegan-Michael Key and Jordan Peele have an avid following for their weekly show, "Key and Peele" on Comedy Central. They've parodied everything from the names of black athletes to white people with dreadlocks. This year, the duo set their sights on the presidential campaign and examined the role that race played in it.
For merchants, the stars are lining up — at least so far.
Online shopping jumped more than 28 percent on Cyber Monday compared with a year ago, according to IBM Benchmark. And the National Retail Federation says Thanksgiving weekend spending shot up to $59.1 billion, nearly 13 percent more than last year's $52 billion.
Congress comes back to work this week and the fiscal cliff is its top priority. Some Republicans have said they'll break a longstanding pledge not to raise taxes. Host Michel Martin talks politics with columnist Mary Kate Cary of U.S. News and World Report and The Root's political correspondent Keli Goff.
It is always sad to watch a once-highly regarded public official, with seemingly unlimited potential, self-destruct. It's even sadder when that person offering so much hope represented a congressional district that has long been suffering economically, that desperately needed advocates on its behalf, and where the two previous incumbents left a trail of shame.