Today's Ringside Seat: Obama's second term will be a nightmare unless he holds firm against the GOP's intransigence.
Patrick Caldwell AND Jaime FullerDec 13, 2012
President Obama has insisted that a long-term solution to the nation's borrowing limit be included in a deal to avert the automatic spending cuts and tax hikes that will come January 1 if the president and Congress don't reach an agreement. But Republicans have clung to the debt limit as their sole leverage in the negotiations. "The debt limit ought to be used to bring fiscal sanity to Washington, DC," John Boehner said at a press briefing on Thursday.