Fiscal cliff deal: House OKs proposal despite GOP objections

Visit NBCNews.com for breaking news, world news, and news about the economy

Visit NBCNews.com for breaking news, world news, and news about the economy

Read >>

Details of Tentative Deal

 

foxnews

WASHINGTON –  Highlights of a tentative agreement Monday between the White House and Senate Minority Leader Mitch McConnell, R-Ky., aimed at averting wide tax increases and budget cuts scheduled to take effect in the new year. The measure would raise taxes by about $600 billion over 10 years compared with tax policies that expire at midnight Monday. It would also delay for two months across-the-board spending cuts otherwise set to begin slashing the budgets of the Pentagon and numerous domestic agencies.
   Highlights include:
   --Income tax rates: Extends decade-old tax cuts on incomes up to $400,000 for individuals, $450,000 for couples. Earnings above those amounts would be taxed at a rate of 39.6 percent, up from the current 35 percent. Extends Clinton-era caps on itemized deductions and the phase-out of the personal exemption for individuals making more than $250,000 and couples earning more than $300,000.
   --Estate tax: Estates would be taxed at a top rate of 40 percent, with the first $5 million in value exempted for individual estates and $10 million for family estates. In 2012, such estates were subject to a top rate of 35 percent.
   --Capital gains, dividends: Taxes on capital gains and dividend income exceeding $400,000 for individuals and $450,000 for families would increase from 15 percent to 20 percent.
   --Alternative minimum tax: Permanently addresses the alternative minimum tax and indexes it for inflation to prevent nearly 30 million middle- and upper-middle income taxpayers from being hit with higher tax bills averaging almost $3,000. The tax was originally designed to ensure that the wealthy did not avoid owing taxes by using loopholes.
   --Other tax changes: Extends for five years Obama-sought expansions of the child tax credit, earned income tax credit, and an up to $2,500 tax credit for college tuition. Also extends for one year accelerated "bonus" depreciation of business investments in new property and equipment, a tax credit for research and development costs and a tax credit for renewable energy such as wind-generated electricity.
   --Unemployment benefits: Extends jobless benefits for the long-term unemployed for one year.
   --Cuts in Medicare reimbursements to doctors: Blocks a 27 percent cut in Medicare payments to doctors for one year. The cut is the product of an obsolete 1997 budget formula.
   --Social Security payroll tax cut: Allows a 2 percentage point cut in the payroll tax first enacted two years ago to lapse, which restores the payroll tax to 6.2 percent.
   --Across-the-board cuts: Delays for two months $109 billion worth of across-the-board spending cuts set to start striking the Pentagon and domestic agencies this week. Cost of $24 billion is divided between spending cuts and new revenues from rules changes on converting traditional individual retirement accounts into Roth IRAs.

Read more: http://www.foxnews.com/politics/2013/01/01/details-tentative-deal-that-would-avert-fiscal-crisis/#ixzz2Gl5FAXwt

Republican House leaders voice serious concerns over fiscal bill

Foxnews

Washington –  House Republican leaders voiced serious concern Tuesday afternoon about the Senate's just-passed fiscal crisis bill during a closed door meeting with rank-and-file lawmakers, sources told Fox News. The response raised questions about how the House would handle the deal, which was highly touted by bipartisan officials in the Senate just hours earlier.
Doubts that the GOP-controlled House would pass the plan intensified Tuesday afternoon. Lawmakers have just two days to go before a new Congress convenes which limits the House’s options. The House can reject the plan, pass it as written by the Senate – which is unlikely given strong GOP opposition – or amend it. If the House amends it, the legislation goes back to the Senate where time constraints would likely kill it for the current Congressional session.
GOP lawmakers privately met midday Tuesday to gauge support for the accord. While Republican lawmakers expressed concern about the plan they did not directly speak out against it. Instead, Fox News has learned that House Speaker John Boehner held a venting session where members of his party voiced their concern about the legislation. Members also offered up options on what they’d like to see added in or taken out of the bill.
As Boehner listened to Republicans, Vice President Joe Biden listened to what House Democrats had to say. The outcome of Tuesday’s mini-meetings are not yet known. What is known is that time is running out for lawmakers to approve the plan or make meaningful changes to the one passed by the Senate this morning.
The Senate’s plan would prevent taxes from going up on the poor and middle class but would raise rates on households making more than $450,000 a year. It also would also put off for two months more than $100 billion in automatic spending cuts that were set to hit the Pentagon and domestic programs starting this week, and it would extend unemployment benefits for the long-term unemployed.
The Senate voted 89-8 in favor of the package two hours after midnight.
Senate leaders hailed the deal as an “imperfect” but vital solution to the fiscal crisis.
“The president wanted tax increases, but thanks to this imperfect agreement, 99 percent of my constituents won’t be hit by those hikes,” Senate Republican Leader Mitch McConnell said.
Obama praised Senate lawmakers for passing the bill and implored the House to do the same.
"There’s more work to do to reduce our deficits, and I’m willing to do it," Obama said in a statement. "But tonight’s agreement ensures that, going forward, we will continue to reduce the deficit through a combination of new spending cuts and new revenues from the wealthiest Americans."
Senate leaders assembled the vote after a marathon weekend of talks during which Vice President Biden and McConnell did much of the hard bargaining. After the White House and Senate Republicans agreed to the framework, Biden was brought in once more to sell the deal to reluctant Senate Democrats Monday night.
The late-night deal ironed out the last major sticking point between the two sides -- what to do about the $110 billion in automatic spending cuts set to kick in starting in January.
Officials said the two sides agreed to postpone the cuts by two months, in exchange for a 50-50 mix of revenue increases and spending cuts. Of those cuts, half would come from defense and half would come from other budgets.
Fox News has also learned the deal contains a repeal of an ObamaCare program called the CLASS Act. The provision, which would set up a government-run long-term care program, was never actually implemented amid concerns that it couldn't generate enough revenue to sustain itself.
Fox News' Ed Henry, Chad Pergram and Mike Emanuel contributed to this report.

Read more: http://www.foxnews.com/politics/2013/01/01/senate-leaders-aim-for-vote-on-fiscal-crisis-deal-as-congress-misses-deadline/#ixzz2Gl3muF5R

Obama: Fiscal cliff deal 'within sight'

(CNN) -- An agreement to avert the "fiscal cliff" of automatic tax increases and spending cuts appears to be "within sight," President Barack Obama said Monday.

"There are still issued left to resolve, but we are hopeful Congress can get it done," Obama said.

The deal that was taking shape included an agreement to raise the income tax rate on top earners to what it was during President Bill Clinton's last term in office, according to sources close to the process.

A GOP source told CNN negotiators are "very close" to a deal. The sticking point is $24 billion in spending cuts being sought by Republicans, according to the source.

"It's like looking under the cushions at this point," the source said. "If we can't find that at this point, we should pack this place up."

But one leading Senate Democrat warned the deal could run into trouble -- not only from House Republicans who have long opposed any tax increase, but also from liberals in the Senate who oppose allowing more high-income households to escape a tax increase.

"No deal is better than a bad deal, and this looks like a very bad deal the way this is shaping up," Sen. Tom Harkin, D-Iowa, said.

President Barack Obama was expected to discuss the issue in public remarks at the White House.

Keep reading on CNN >>

Senators work behind scenes Saturday on fiscal deal, votes would come Sunday

Senate Minority Leader Mitch McConnell and House Speaker John Boehner outside the White House in Washington. (AP)

Senate leaders are working off-stage Saturday to reach a final-hours deal to avert a fiscal crisis, with no official proposals or votes expected until Sunday.

Senate Majority Leader Harry Reid, D-Nevada, has adjourned the chamber until Sunday so Democratic and Republican leaders can negotiate on a deal to present to the House.

House members will officially return to Capitol Hill on Sunday in expectation that the Senate will present them with a plan to stop tax increases that are scheduled to kick in next week.

Senate leaders from both sides of the aisle vowed late Friday to scramble over the weekend to produce a new bill, on the heels of a high-stakes White House meeting with President Obama that is seen as the last chance to come together before the tax-hike deadline.

Minority Leader Mitch McConnell said he hopes senators can come forward with a recommendation as early as Sunday. 

Several senior administration officials told Fox News late Friday night that McConnell, R-Ky., is showing strong signs that he will help seal a deal.

However, they acknowledges he will have a difficult time getting a deal passed in the Republican-controlled House, which  has so far rejected any plan that includes allowing tax rates to increase for higher-earning Americans.

Reid called the White House meeting Friday "very constructive." 

"We need to have everybody step back a bit," he said.

The pledge to work on a new bill is by no means a solution to the sweeping set of tax hikes set to hit Jan. 1, followed by steep spending cuts. Lawmakers still have to write the bill, and produce something that can pass both chambers. 

Obama, speaking from the White House briefing room late Friday, voiced a dose of doubt about the Senate leaders' final push for a deal. 

He said he's "modestly optimistic" but that if Reid and McConnell fail, the Senate should allow an up-or-down vote on a scaled-back proposal the president is pushing. 

"The hour for immediate action is here, it is now," Obama said. "We're now at the last minute, and the American people are not going to have any patience for a politically self-inflicted wound to our economy. ... We've got to get this done." 

Considering how late this effort is getting underway, lawmakers easily run the risk of missing the deadline and causing at least some uncertainty with Americans' tax bills starting next week. 

The developments late Friday, though, at least showed Reid and McConnell were beginning to work together. And it marked a decision by lawmakers that the Senate should make the first move -- for days, House Speaker John Boehner has insisted that the Senate act, but Reid has resisted and put the onus on the House. 

It's unclear what the new bill would entail. It appears the Senate wants to tweak the Obama plan, which would include an extension of current tax rates for most Americans -- but potentially adjust it so fewer earners see a tax hike, and add a provision dealing with a looming expansion of the estate tax. 

The debt ceiling, which Obama wants increased, would not be part of this bill. And a senior White House official admitted it is unclear how a looming set of spending cuts would be addressed. 

Read more: http://www.foxnews.com/politics/2012/12/29/senators-work-behind-scenes-saturday-on-fiscal-deal-votes-would-come-sunday/#ixzz2GT2vFe9D

What leaders said after financial cliff meeting

politicalticker

Washington (CNN) - Congressional leaders spoke Friday after meeting about the fiscal cliff with President Barack Obama at the White House.

Congressional leaders attending the meeting was Senate Majority Leader Harry Reid, Senate Minority Leader Mitch McConnell, House Speaker John Boehner, and House Minority Leader Nancy Pelosi. Vice President Joe Biden was to be in attendance, the White House said, and an administration official said Treasury Secretary Timothy Geithner would attend as well.

Obama was set to make a statement at 5:45 p.m. ET.
McConnell and Reid spoke on the Senate floor.
Reid said, “we had a constructive meeting. We certainly hope that something positive will come from that. The republican leader and I and our staffs are working and we’ll see what we can come up with. We shouldn’t take a long time to do that. …
“If we come up with something, it’s not that easy. We’re dealing with big numbers and some of the stuff that we do is somewhat complicated. But I think it was a very positive meeting,” he said. “There was not a lot of hilarity in the meeting, everyone knows how important it is. It was a very serious meeting and it took an extended period of time as you all know waiting for us.”
McConnell spoke immediately after Reid, saying, “I share the view of the majority leader. We had a good meeting down at the White House.
“We are engaged in discussions, the majority leader and myself and the White House, in the hopes that we can come forward as early as Sunday and have a recommendation that I can make to my conference and the majority leader [Reid] can make to his conference and so we’ll be working hard to try and see if we can get there in the next 24 hours,” he said. “And so I’m hopeful and optimistic.”
Boehner’s office issued a statement which said he “reminded the group that the House has already acted to avert the entire fiscal cliff and is awaiting Senate action.”
“The leaders spent the majority of the meeting discussing potential options and components for a plan that could pass both chambers of Congress,” the statement read. “The Speaker told the President that if the Senate amends the House-passed legislation and sends back a plan, the House will consider it – either by accepting or amending. The group agreed that the next step should be the Senate taking bipartisan action.”
In a paper statement, McConnell’s office also pointed to legislation which had passed the House.
“While the House already passed legislation in August to prevent tax hikes (a proposal Sen. McConnell supports), the President and Congressional leaders today agreed that the Senate must now act,” the statement read. “This will require a bipartisan approach. Members of the Senate will continue to work toward producing a bipartisan package in a timely manner to protect American taxpayers and jobs from a massive tax hike in January.”
Pelosi said the meeting was "constructive" and "candid."

Boehner calls House back to Washington on Sunday

Visit NBCNews.com for breaking news, world news, and news about the economy

Visit NBCNews.com for breaking news, world news, and news about the economy

More >>

Stanton: Why John Boehner Will (Probably) Be Fine

Pat Dollard

Excerpted from Buzzfeed: WASHINGTON — Democrats and some conservatives are dreaming this weekend of a late Christmas present: House Speaker John Boehner’s head on a platter.

But that probably won’t happen, for several reasons. First, legislative coups are risky, and the fiscal cliff talks are still playing out. Meanwhile, Boehner is personally popular. The opposition has no clear leader.
But perhaps most important of all, it’s not clear that it’s in the interest of the conservative Republicans leading talk of the coup to dive into the messy business of making deals with a Democratic president and Senate, or assuming responsibility for the 2014 midterm elections.
“I’m not,” Boehner said Friday, asked whether he was worried about his speakership following the collapse of his attempt to rally Republicans around an alternative tax increase plan to President Obama’s. “They weren’t taking that out on me — they were dealing with the perception that they were raising taxes,” he said.
In theory, a coup is possible: many conservatives would gleefully support such a move — and few Democrats would shed a tear. And it would only take a handful of his conference to throw the election for speaker into chaos. As National Journal points out, it would take just 17 Republicans voting for anyone other than Boehner to throw the election into chaos.
But while he may have lost control of his conference, Boehner has a lot of reasons to not be worried about actually losing the speakership when the House convenes January 3rd to hold elections.
Keep reading…

House Republicans Plan to Oust Boehner from Speakership

responsebeacon

Several conservative House Republican members are contemplating a plan to unseat Speaker John Boehner from his position on January 3, Breitbart News has exclusively learned. Staffers have compiled a detailed action plan that, if executed, could make this a reality.

The Republicans, both conservatives and more establishment members alike, are emboldened after the failure of Boehner’s fiscal cliff “Plan B” on Thursday evening. Dissatisfaction with Boehner is growing in the House Republican conference, but until now there hasn’t been a clear path forward.

Those members and staffers requested anonymity from Breitbart News at this time to prevent retaliation from Boehner similar to what happened to those four members who were purged from their powerful committee assignments a few weeks ago. Their expressed concern is that if Boehner knew who they were, his adverse reaction toward them would be much more brutal than losing committee assignments, such as a primary challenge in 2014 by a leadership-sponsored candidate.

$7 a gallon for milk?

CNNMoney

With Congress spending all its time trying to avert the fiscal cliff, a slew of other legislative matters are going unattended. One of them is the agriculture bill which, if not addressed, could lead to a doubling of the price of milk early next year.

It works like this: In order to keep dairy farmers in businesses, the government agrees to buy milk and other products if the price gets too low. The current agriculture bill has a formula that means the government steps in if the price of milk were to drop by roughly half from its current national average of about $3.65 a gallon.

Problem is, the current bill expired last summer, and Congress had been unable to agree on a new one. Several protections for farmers have already expired, and several more are set to do so over the next few months. One of them is the dairy subsidy, which expires January 1.

But instead of leaving farmers entirely out in the cold, the law states that if a new bill isn't passed or the current one extended, the formula for calculating the price the government pays for dairy products reverts back to a 1949 statute. Under that formula, the government would be forced to buy milk at twice today's price -- driving up the cost for everyone.

"If you like anything made with milk, you're going to be impacted by the fact that there's no farm bill," U.S. Secretary of Agriculture Tom Vilsack told CNN's Candy Crowley in an interview on State of the Union airing Sunday, Dec. 30.

"Consumers are going to be a bit shocked when instead of seeing $3.60 a gallon for milk, they see $7 a gallon for milk. And that's going to ripple throughout all of the commodities if this thing goes on for an extended period of time," Vilsack said.

Related: Independent farms rake in millions

Sky-high milk prices wouldn't necessarily be good for dairy farmers either, according to Chris Galen, a spokesman for the National Milk Producers Federation, which represents over 30,000 dairy farmers.

While it might provide a short term boost to profits, there's a fear that consumers would either cut back on dairy or opt for imported dairy products. It could also force food makers to search for alternatives to dairy, like soy.

"We call it the dairy cliff," Galen said.

Fortunately, there's still time for Congress to act.

Galen said the government would have to issue a notice saying it was going to pay the increased price for dairy products, then set up a schedule for when purchases would start, a process that could take a few weeks.

"It's not like people would dump blocks of cheese on the USDA's front lawn January first," he said.

Obama burned Hillary on Benghazi-Report blames ’systemic failures’ within State Department

obama burned Hillary Clinton who has accepted the report's recommendations, that's why she is at home recovering from from a bout with the flu that resulted in her fainting and concussion. she will not testify at he House and already has been buried.

------------------------------------

Visit NBCNews.com for breaking news, world news, and news about the economy

Read >>

Obama, Boehner launch fiscal cliff endgame

The “fiscal cliff” end game… If there’s going to be a deal, Obama, Boehner, and Congress need to start the heavy lifting ASAP… Kristol vs. the Wall Street Journal on caving on the tax rates… Motoring! Obama delivers remarks at 2:00 pm ET at a Detroit Diesel plant in Redford, MI… And in Michigan, the president will set foot in the state featuring the nation’s latest labor battle… The hits keep on coming for Susan Rice… The upcoming immigration push… Hillary and 2016… And meet Markwayne Mullen.

Visit NBCNews.com for breaking news, world news, and news about the economy

By Chuck Todd, Mark Murray, Domenico Montanaro, and Brooke Brower

*** The end game: We’ve told you that the last couple of weeks in Washington’s fiscal debate have mostly been about P.R. and posturing. Like a student in college or a reporter working in the news business, the real work in Congress typically doesn’t happen until there’s a real deadline that’s rapidly approaching. Well, we’ve now entered that deadline phase in the negotiations between President Obama and House Speaker John Boehner. If the plan is to get something passed by Friday, Dec. 21 (right before the Christmas holiday), then the legislation has to be written by Dec. 18. And that means that Obama and Boehner must reach an agreement by Dec. 14-15, if there’s going to be a deal. So the time for posturing and P.R. is over. This week, we’ve reached the phase where both sides will begin rolling up their sleeves to do the heavy negotiating. Both Obama and Boehner know this, which is why they did meet behind closed doors yesterday. The question now is: Will there be a BIG deal that includes serious entitlement hits in addition to major tax reform? Or will it be JUST taxes and a punt until the debt ceiling? There’s not much of an “in between” at this point.  Keep reading >>

Boehner: ’No progress’ toward resolving fiscal cliff

Visit NBCNews.com for breaking news, world news, and news about the economy

Read >>

Naked Protesters Storm House Speaker’s Office

Fox Nation/ 

Read >>

Twitter / @chrisgeidner

BuzzFeed's Chris Geidner tweets this photo of a group of nude protesters who stormed into House Majority Leader Rep. John Boehner’s (R-OH) office on Capitol Hill Tuesday afternoon.
Fox has learned that seven demonstrators from the group Act Up came into the personal office of House Speaker John Boehner (R-OH) in the Longworth House Office Building around 12:30 pm. This is not the Speaker's Office, but his "regular" office alongside other rank and file members.
Act Up is devoted to backing legislation to fund additonal research to end the AIDS crisis. The protesters were upset about budget cuts to federal funding in the fight against AIDS and chanted, “Boehner, Boehner, don’t be a dick. Budget cuts will make us sick.”
US Capitol Police were called and arrested three of the women charging them with indecent exposure, according to reports.
Boehner's office is not commenting on the incident.

Read more: http://nation.foxnews.com/leftist-protesters/2012/11/27/naked-protesters-storm-boehner-s-office?cmpid=NL_FiredUpFoxNation#ixzz2DY1x4ksS

Reactions to Petraeus testimony on Benghazi attack

By Tom Curry, NBC News national affairs writer

 

Visit NBCNews.com for breaking news, world news, and news about the economy

Updated 12:30 pm ET -- Former CIA Director David Petraeus testified Friday before the House Intelligence Committee as Congress seeks to find out why the Sept. 11 attack on the U.S. Consulate in Benghazi occurred and why greater protection was not provided to the facility.

Petraeus also testified before the Senate Intelligence Committee Friday. Both sessions were held behind closed doors.

Visit NBCNews.com for breaking news, world news, and news about the economy

House Intelligence Committee member Peter King, R-N.Y. told reporters Friday after Petraeus testified that the initial “talking points” from the Obama administration to prepare officials for what they should say publicly in the first days after the attack had been changed to delete references to any al Qaida involvement in the event.

King said he and his colleagues now needed to hear testimony from officials in the State Department, the Defense Department “and also people at the White House – to see if anyone at the White House changed the talking points.”

Visit NBCNews.com for breaking news, world news, and news about the economy

In the attack Ambassador Chris Stevens and three other Americans – Glen Doherty, Tyrone Woods, and Sean Smith – were killed.

King told reporters after Petraeus testified that “his testimony today was that from the start (immediately after Sept. 11) he had told us that this was a terrorist attack, that terrorism was involved from the start.”

But King said that he himself “had a very different recollection" of what Petraeus had told the panel in the initial aftermath of the attack. 

"The clear impression that we (members of the House Intelligence Committee) were given (in the initial days after the attack) was that the overwhelming amount of evidence was that it arose out of a spontaneous demonstration and it was not a terrorist attack,” King said. 

Visit NBCNews.com for breaking news, world news, and news about the economy

Rep. C.A. “Dutch” Ruppersberger of Maryland, the senior Democrat on the House Intelligence Committee, told MSNBC’s Thomas Roberts after hearing from Petraeus that “I can’t agree that there was entirely an intelligence failure” in the days leading up to the attack.

He said, “The intelligence community did put people in the area of Benghazi and in Libya generally. It was a hot spot, it was an area where you had to be on high alert – they did not pick up the actual attack itself. So we’re evaluating whether or not it was or was not an intelligence failure.”

Another House Intelligence Committee member, Rep. Tom Rooney, R–Fla., told MSNBC’s Roberts that he’d learned from the Petraeus testimony how inadequate the protection at the consulate was on Sept 11.

“We had less than a handful of security there for the ambassador,” Rooney said. “First of all, I don’t know why the ambassador was there on 9/11 to begin with, but that’s a whole other story. Second we were relying really on local Libyan militia who – if there was anything coordinated about the two attacks, at the compound and at the annex, it is that there was a coordinated absence by the people who were supposed to be protecting us.” He said the Libyan militia “were nowhere to be found” when the assault occurred.   

In planning for threats to American embassies and consulates, Rooney said, “there has got to be some more guarantee that our ambassadors are going to have the kind of protection that’s not some Libyan-style militia that obviously doesn’t work.”

Rooney added that President Barack Obama has said “he did everything he could” to protect the consulate. “He may have done everything he could, but it wasn’t enough because our people are dead.” 

The investigation into the Benghazi events has become a major focus for members of Congress returning to the Capitol after last week’s elections. The episode has political implications not only for Obama but for Secretary of State Hillary Clinton, who may run for president in 2016.

Petraeus resigned one week ago after the revelation of his adulterous affair with his biographer Paula Broadwell.

At issue in the investigation and the political scrimmaging this week has been the question of why, five days after the attack, the administration dispatched U.N. Ambassador Susan Rice to speak on the Sunday news shows to offer a preliminary explanation of the attack, which she attributed to an anti-Islamic video that was circulated on YouTube. More >>

What Petraeus Told Congress

The Blaze/ Madeleine Morgenstern 

Rep. Peter King (R-N.Y.) said former CIA Director David Petraeus told lawmakers Friday that he believed all along that terrorists were involved in attacking the U.S. Consulate in Benghazi, Libya — at odds with his initial testimony two months ago when he labeled the Sept. 11 assault a spontaneous reaction to an anti-Islam video.

“General Petraeus’ testimony today was that from the start he told us that this was a terrorist attack, that terrorists were involved from the start,” King told reporters after the closed-door hearing before the House intelligence committee. “I told him in my question I had a very different recollection of that.”

King added, “The clear impression we were given was that the overwhelming amount of evidence was that it arose out of a spontaneous demonstration and it was not a terrorist attack…he has I think a different impression of the impressions he left on Sept. 14.”

King said a CIA analyst with Petraeus testified that the agency’s talking points for the White House immediately after the attack were specific about Al-Qaeda terrorist involvement but that the line was apparently removed from the final version of events.

“After it went through the process…that was taken out,” King said.

United Nations Ambassador Susan Rice said on Sept. 16 that the best information available indicated the Benghazi attacks were prompted by the video. It took the White House about a week to label them terrorism.

King called the proceedings “very cordial” and said everyone thanked Petraeus for his service following his resignation one week ago after admitting to an extramarital affair.

Secretary of State Hillary Clinton To Testify On Benghazi... In December

Fox News has reported that Ms. Clinton will testify in open hearings before the House and Senate foreign affairs committees. The Secretary had previously been asked to testify before the House committee on Nov. 15 but responded that she would be traveling abroad. 

More >>

1st Open Bisexual Member of Congress Elected

MidweekPolitics --Krysten Sinema becomes the first openly bisexual member of Congress.

From the Vault: Deficit Deal Stalemate

PBS Newly re-elected, President Obama has to find a way to get a divided Congress to reach an agreement to prevent a fiscal crisis or risk pushing the country into recession. We look in the vault to November 2011 when the the supercommittee failed to reach a budget deal affecting national politics and the economy.

Chair of the Senate Intelligence: "We need to talk to Gen. Petraeus"

Visit NBCNews.com for breaking news, world news, and news about the economy