Opening Lines Set For A Deal To Avoid Fiscal Cliff
With the election over, attention in Washington has turned to the nation's debt and deficit challenges — most immediately the looming fiscal cliff. That's the $600 billion worth of expiring tax breaks and automatic spending cuts that begin to take effect Jan. 1. The president and the Congress agreed to those automatic measures to force themselves to find a more palatable compromise to rein in deficits. On Wednesday, there was an attempt to jumpstart that process. In his victory speech Tuesday night in Chicago, President Obama signaled his desire to find a compromise. He said the priorities for his second term included deficit reduction. Eighteen hour later at the Capitol, House Speaker John Boehner, offered the president a tentative olive branch. "Mr. President, the Republican majority here in the House stands ready to work with you, to do what's best for our country," Boehner said.
People:
John Boehner
Overall Sentiment: 0.0299458
Relevance: 0.822405
| Sentiment | Quote |
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| 0.180908 | "Mr. President, the Republican majority here in the House stands ready to work with you, to do what's best for our country," Boehner said. ... |
| 0.209045 | "For the purposes of forging a bipartisan agreement that begins to solve the problem we're willing to accept new revenue under the right conditions," he said. ... |
| 0.0670055 | "For the purposes of forging a bipartisan agreement that begins to solve the problem we're willing to accept new revenue under the right conditions," he said. "What matters is where the increased revenue comes from and what type of reform comes with it." |
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Rep. Peter Welch
Overall Sentiment: 0.0713916
Relevance: 0.675301
| Sentiment | Quote |
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| 0.217357 | "I think the Democrats have to take advantage of the fact that there is leverage here," Welch said. ... |
| 0.224654 | "And if we did, my view that would be the best outcome for the economy and for the middle class," Welch said. ... |
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Rep. Chris Van Hollen
Overall Sentiment: 0.0110316
Relevance: 0.527999
| Sentiment | Quote |
|---|---|
| -0.111641 | "In the past whenever they've talked about tax reform as part of a revenue raising measure, they have simply claimed, contrary to historical evidence, that simply reducing tax rates will generate enough economic activity to make up for the loss in revenue," Van Hollen said. ... |
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President George W. Bush
Overall Sentiment: 0.0891249
Relevance: 0.522644
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Obama
Overall Sentiment: 0.26008
Relevance: 0.444024
Disambiguation: Politician | President | Appointer | AwardWinner | Celebrity | PoliticalAppointer | U.S.Congressperson | USPresident | TVActorReferences:
Mr. President
Overall Sentiment: 0.282095
Relevance: 0.411224
Key:
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Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.
Additional Info:
Organization: Republicans
Overall Sentiment: 0.0693123
Relevance: 0.861478
Organization: House
Overall Sentiment: -0.05501
Relevance: 0.5259
Organization: Congressional Budget Office
Overall Sentiment: 0
Relevance: 0.376518
Disambiguation: GovernmentAgencyReferences:
Organization: House Budget Committee
Overall Sentiment: -0.372898
Relevance: 0.368474
Organization: Congress
Overall Sentiment: 0.325048
Relevance: 0.341784
Company: jumpstart
Overall Sentiment: 0
Relevance: 0.395373
Disambiguation: RadioStationReferences:
FieldTerminology: tax rates
Overall Sentiment: -0.269129
Relevance: 0.433822
City: Washington
Overall Sentiment: -0.0539408
Relevance: 0.363706
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City: Capitol Hill
Overall Sentiment: 0
Relevance: 0.330413
City: Chicago
Overall Sentiment: 0.219092
Relevance: 0.328356
Disambiguation: References:
Country: U.S.
Overall Sentiment: 0
Relevance: 0.305134
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Source URL: Opening Lines Set For A Deal To Avoid Fiscal Cliff
Opening Lines Set For A Deal To Avoid Fiscal Cliff
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With the election over, attention in Washington has turned to the nation's debt and deficit challenges — most immediately $600 billion worth of expiring tax breaks and automatic spending cuts. Both the president and congressional leaders are signaling a willingness to work together to avoid a fiscal disaster.
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