Who do you think is most to blame for the fiscal impasse?

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    40 %
    411 votes
    41 %
    423 votes
    4 %
    37 votes
    15 %
    All of them!
    156 votes

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House Republicans are already trying to vote it away, but do they have the tools, or stomach, to do so?

By TheWeek.com Jul 17, 2012 3:18PM

Reacting to the Supreme Court's big decision to uphold almost all of the Patient Protection and Affordable Care Act (ACA) -- ObamaCare -- Republican presidential hopeful Mitt Romney stated the obvious: "If we want to get rid of ObamaCare, we're going to have to replace President Obama."


The GOP-controlled House will almost certainly vote (again) to "repeal" ObamaCare in July, and even if the Democratic-controlled Senate follows suit (it won't), Obama has the veto pen. But if Romney wins in November and Republicans take control of the Senate (and keep the House), could they really dismantle Obama's biggest domestic achievement -- and if so, would they? Here's a look at the possibilities and realities:


The presidential candidate's tax avoidance strategy may be immoral, but it's not illegal.

By Jonathan Berr Jul 11, 2012 12:15PM
Image: US government 1040 tax form © Steven Puetzer/PhotographerMitt Romney, the presumptive Republican nominee, is richer than most Americans can ever aspire to be, with a fortune estimated at up to $200 million. Yet the former Massachusetts governor has resisted calls to provide the public with detailed information on what he does with his money. This, Democrats claim, shows he is hiding something.

Earlier this year, Romney released his 2010 tax returns and an estimate for 2011 that, in the words of The New York Times' editorial page, "provides a fuzzy glimpse at a concerted effort to park much of his wealth in overseas tax shelters, suggesting a widespread pattern of tax avoidance unlike that of any previous candidate." Romney could refute these suggestions by releasing multiple years of his returns, which candidates -- including his late father -- have done for decades.

In addition, for the first time in 6 years, there are more active Republican voters than active Democrat voters.

By MSNMoney partner Jul 11, 2012 9:23AM

By John McCormick


Independent voters are growing in numbers at the expense of Democrats in battleground states most likely to determine this year's presidential election, a Bloomberg News analysis shows.


The collective total of independents grew by about 443,000 in Colorado, Florida, Iowa, Nevada, New Hampshire and North Carolina since the 2008 election, according to data compiled by Bloomberg from state election officials.


During the same time, Democrats saw a net decline of about 480,000 in those six states, while Republicans, boosted in part by a competitive primary earlier this year, added roughly 38,000 voters in them, the analysis shows.


Underemployment also threatens economic expansion as educated young adults spend less on things like technology, entertainment and cars.

By MSNMoney partner Jul 11, 2012 9:07AM

By Jeff Green and Carol Hymowitz

Michael Baum took every substitute teaching job he found and has sent out hundreds of resumes since graduating from college two years ago. He never got a full-time offer and works as a waiter at a pizza parlor in Chicago, earning $650 during a busy week.


"It's discouraging," said Baum, 25, who is certified to teach in Texas and North Carolina as well as his native Michigan. His pay is just enough to cover basic living expenses.


Baum has joined the growing number of underemployed graduates in the U.S., in an election year when both President Barack Obama and presumptive Republican challenger Mitt Romney are vying for young voters with promises to restore jobs. Underemployment isn't debilitating only for individuals whose career and income opportunities are stunted. It threatens the economic expansion as college-educated young adults have traditionally fueled consumer spending on clothes, technology, entertainment and cars.


For months there's been talk that the GOP candidate might choose a female running mate.

By The Fiscal Times Jul 6, 2012 11:55AM

FTBy Eric Pianin and Maureen Mackey

For months there's been intriguing talk that presumptive GOP presidential nominee Mitt Romney might pick a prominent woman as his running mate to help give his campaign a kick – and layer on some luster to a plain vanilla, hyper-cautious and meticulously run campaign.

Among the potential picks, four women, more than any others, have consistently been mentioned as possibilities in the Republican vice presidential sweepstakes:


The Las Vegas Sands head may be focused too much on the US presidential campaign and not enough on his gaming empire.

By Jonathan Berr Jul 5, 2012 2:44PM
Image: Four aces (© Image Source/Corbis)Casino magnate Sheldon Adelson has made headlines for bankrolling Republican presidential candidates. What has gotten less attention is how his activism has failed to impress Wall Street.

Shares of Las Vegas Sands (LSV), which topped 24/7 Wall St.'s recent list of corporate political spenders, have barely budged this year, even though the casino operator has either met or exceeded earnings estimates for the past four quarters. 

Republican criticism of the president's energy policies has faded as oil prices have fallen and stockpiles have ballooned.

By MSNMoney partner Jul 3, 2012 1:08PM

By Mark Shenk and Paul Burkhardt


U.S. gasoline prices at the pump, headed to $4 a gallon in April, are dropping toward $3 as the July Fourth holiday approaches, giving consumers relief and a boost to President Barack Obama's re-election campaign.


Retail prices have fallen 15 percent to $3.329 from a peak of $3.936 on April 4, according to Heathrow, Florida-based AAA, the largest U.S. motoring group. They're also 6.6 percent lower than a year ago, underscoring how slowing economies are sapping demand even as an embargo on Iranian oil starts.


With Congress on break this week, the president will tour Ohio and Pennsylvania to shore up a still-vulnerable re-election bid.

By MSNMoney partner Jul 3, 2012 1:03PM

By Mike Dorning


President Barack Obama heads to two states vital to his re-election, strengthened by a pair of victories in the Supreme Court and progress in solving Europe's sovereign debt crisis.


The court's decisions affirmed Obama's signature health care law and his administration's intervention to block an Arizona immigration law. Together, they confer legitimacy on the president's actions and signal competency to the public, said Kathleen Hall Jamieson, a professor at the University of Pennsylvania's Annenberg School for Communication in Philadelphia.



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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 shed less than a point, ending the week higher by 1.3%, while the Dow Jones Industrial Average (+0.1%) cemented a 1.7% advance for the week. High-beta names underperformed, which weighed on the Nasdaq Composite (-0.3%) and the Russell 2000 (-1.3%).

Equity indices displayed strength in the early going with the S&P 500 tagging the 2,019 level during the opening 30 minutes of the action. However, ... More


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