TPM News

The Government Accountability Office has updated its fiscal outlook for the U.S. government and come to some familiar conclusions. The country has a long term imbalance that will have to be addressed, but not until today's economic woes have passed. If Congress simply does nothing -- and allows the Bush tax cuts, and other temporary laws to expire -- the country's fiscal health will improve significantly over the long term.



But the report implies something that's been lost in the recent partisan debate over the country's future: repealing ObamaCare would consign us to swift, ugly fiscal and health care crises.

The health care reform law will extend subsidized private health insurance to millions of Americans, paid for with new taxes and Medicare savings. But it also included numerous demonstration projects and reforms intended to rein in the growth of health care costs, and thus Medicare spending. Some of them have great promise -- if they can survive.

Read More →

Herman Cain said he would take action to pass a constitutional amendment outlawing abortion -- though in fact, the president does not have any role in amending the Constitution at all.

In an interview posted over the weekend on the Christian Broadcasting Network:

Brody: Are you for some sort of pro-life amendment to the Constitution that in essence would trump Roe v. Wade?

Cain: Yes. Yes I feel that strongly about it. If we can get the necessary support and it comes to my desk I'll sign it. That's all I can do. I will sign it.

Read More →

Apple late Sunday posted on its web site video of its memorial for Steve Jobs.

Jobs' successor Tim Cook kicked off the memorial. Former Vice President and Apple board member Al Gore, and Apple's Senior Vice President of Design Jonathan Ive also spoke, and Norah Jones and Coldplay performed as Jobs' wife Laurene Powell Jobs sat in the audience with a pair of sunglasses on.

Apple had closed all of its retail stores around the world for the memorial, and the video showed the campus filled with people surrounded by banners of black-and-white photos of Jobs.

Read More →

The chairman of the Republican National Committee and Rep. Joe Heck (R-NV) told TPM on a conference call today that Rick Perry's fresh birther talk from the weekend is a "distraction."

Heck suggested the reemergence of conspiracy theories about President Obama's origins could cause trouble for the GOP as it works to fight the White House on the jobs front this fall.

Read More →

President Obama is heading straight into the heart of the housing crisis -- Nevada -- to unveil a series of executive branch steps to give the economy a shot in the arm, beginning with new rules making it easier for underwater homeowners to refinance their mortgages.

The White House is calling the new roll-out the "We-Can't-Wait" program, a not-so-subtle jab at Republicans in Congress, who have spent the last two weeks blocking Obama's job bill. Las Vegas' economy was one of the hardest hit by the housing crisis.

Read More →

John Podesta, president of the Center for American Progress is stepping down, Politico reports. He will remain the organization’s chairman as well as volunteer for Secretary for State Hillary Clinton.

A new super PAC supporting Republican presidential candidate Herman Cain wanted to call itself "Americans for Herman Cain." One problem: that name would be illegal. Their solution: call themselves the "9-9-9 Fund" instead.

In an Oct. 18 letter to the Federal Election Commission (FEC), treasurer Scott Mackenzie wrote that the 9-9-9 Fund "intends to make independent expenditures, and consistent with the U.S. Court of Appeals for the District of Columbia Circuit decision in SpeechNow v. FEC, it therefore intends to raise funds in unlimited amounts. This committee will not use those, funds to make contributions, whether direct, in-kind, or via coordinated communications, to federal candidates or committees."

Read More →

LiveWire