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Search Tags: Barack Obama
President Barack Obama's victory over Republican Challenger Mitt Romney didn't come as a surprise to anyone who was following the pre-election polls. Few surprises occurred in the congressional races as well, which suggested a return of the status quo in Washington and continued gridlock ahead.
"Fog bank" of threatened automatic spending cuts makes predicting Defense policy under a re-elected President Obama difficult. But experts agree DoD is likely to take more cuts, with or without sequestration.
Tags: Election 2012 , DoD , Leon Panetta , George Little , sequestration , Todd Harrison , Tom Donnelly , Russell Rumbaugh , Center for Strategic & Budgetary Assessments , American Enterprise Institute , Stimson Center , Jared Serbu
In his first news conference since Election Day, President Barack Obama took questions from reporters on a range of issues, including impending across-the-board budget cuts and the widening sex scandal that ensnared CIA Director David Petraeus.
The White House and leaders on the Hill will have to resolve deep political and fiscal disagreements that have stymied them time after time despite repeated promises to overcome them.
Sen. Mark Warner (D-Va.) told The Federal Drive with Tom Temin and Emily Kopp that a large number of lawmakers from both parties support a plan that raises more revenues and recognizes that entitlement programs have got to be made viable over the long term.
President Barack Obama and leaders of the lame-duck Congress may be just weeks away from shaking hands on a deal to avert the dreaded "fiscal cliff." So it's natural to wonder: If they announce a bipartisan package promising to curb mushrooming federal deficits, will it be real?