Deficit Commission Proposal.The chairmen of President Obama's bipartisan deficit commission on Wednesday offered an aggressive plan to rebalance the federal budget by curbing increases in Social Security benefits, slashing spending at the Pentagon and other agencies, and wiping out more than $100 billion a year in popular tax breaks for individuals and businesses.
DREAM Act. House Speaker Nancy Pelosi wants to push for a vote during the lame-duck session on a bill that would legalize young, undocumented immigrants if they attend college or serve in the military, according to Democratic sources familiar with a leadership conference call Wednesday.
G-20 Summit. G-20 aims to balance trade “A pending agreement among world leaders in Seoul will mark what U.S. officials hope is a turning point in efforts to better balance trade and capital flows, and in particular come to terms with China over core principles of global economic policy
Quote of the Day. “The crowd was saying, ‘Thank you,’ and I get choked up even right now saying that. There was not one Vietnam veteran who didn’t have tears running down their face, including myself. It was our greatest day.” Paul Davis, president of the Delaware chapter of the Vietnam Veterans of America, at a parade for Vietnam vets. (New York Times)
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