The White House and Congress continue to work on a deal that avoids the fiscal cliff and cuts deficits in the long run. One of the biggest hurdles is President Obama's proposal to raise tax rates for the wealthy.
Republicans think a better course would be to raise revenue by closing loopholes and limiting deductions for high-income people. The question is, could that method raise enough money.
Congressman Allen West has given up. According to an early post from Politico, the one-term Tea Party favorite from South Florida has acknowledged there's no way he can overcome Democratic opponent Patrick Murphy's 1,904-vote victory margin in District 18, which spreads over St. Lucie, Martin and Palm Beach counties.