These Are Tumultuous Times In Washington
A benchmark election looms for a politically divided nation, and bitter partisanship in Congress could threaten the financial stability of the U.S. government if lawmakers cannot agree on how to deal with tax increases and dramatic budget cuts that could kick in at the end of the year. Meanwhile, new campaign finance laws have changed the shape of elections, allowing wealthy, often anonymous donors to pour hundreds of millions of dollars into the presidential and congressional campaigns.
Against those backdrops, the Reuters Washington Summit shed light on the political and economic forces that are driving the debates in the nation’s capital and beyond. The Summit featured a range of key players in Washington, including U.S. Sen. Rob Portman, an Ohio Republican widely viewed as a top contender to be Mitt Romney’s vice presidential running mate; House Minority Leader Nancy Pelosi, who as House speaker was a key player in passing President Barack Obama’s landmark healthcare overhaul in 2010; and Grover Norquist, the anti-tax advocate whose influence in Washington is such that many see him as a key reason for conservative lawmakers’ reluctance to compromise on budget and debt issues.
Over three days, news from the Reuters Summit help to drive the political narrative in Washington. For a summary recap report of the Summit, click here. (more…)


