Washington 2011

Lawmakers at Reuters Summit see hope for debt deal

WASHINGTON Senator Lamar Alexander knows what political sniping is like, having once worn a flak jacket to a Senate luncheon. Now he and some other lawmakers are hoping Washington partisans can hold their fire long enough to reach a deficit-cutting deal.


Political parties brace for outside money rush

WASHINGTON Democratic and Republican leaders say a flood of interest group spending to sway the 2012 elections will dilute power of the national established parties, while advocates for campaign reform say scandal amid the cash rush is inevitable.


Budget deal will need taxes, some Republicans say

WASHINGTON Republicans will have to accept significant tax increases in order to strike a budget deal that also reins in health and retirement costs, two prominent Republican senators said on Wednesday.


U.S. politics not broken, can cut debt: Moody's

WASHINGTON America's political system remains sound enough to overcome the partisan gulf that has widened over how to fix the country's fiscal mess, a top analyst from Moody's Investors Service said on Wednesday.

Analysis: Rising inequality puts Republicans in tough spot

WASHINGTON The growing chasm between America's rich and poor puts Republicans in the uncomfortable position of defending the wealthy at a time when most people are falling behind.

Quotes from the Reuters Washington Summit

Economists, budget policy experts, top lawmakers and tax lobbyists are speaking to Reuters reporters this week at the Reuters Washington Summit. Here are top quotes from the event on Wednesday:


Senator Durbin: online sales tax bill can pass

WASHINGTON A bill creating the first national authorization for states to collect online sales tax will overcome political deadlock and become law next year, the No. 2 Democrat in the Senate predicted.


Debt deal must include more revenues: top Republican

WASHINGTON Republicans on a debt-cutting "super committee" must agree to more revenue increases and Democrats to bigger cuts to social programs if there is to be any chance of a deal, a top Republican said on Wednesday.


Fed up! McCain predicts rise of third political party

WASHINGTON Senator John McCain predicted on Tuesday a third political party will emerge in response to Americans' economic frustrations and said it might as well be called "the Fed-Up Party."

U.S. should stand up to China more: McCain

WASHINGTON The United States should adopt a tougher stance with China on issues ranging from persistent cyber espionage to its economic claims to the South China Sea, John McCain said on Tuesday.


Lagging economy U.S. postal chief's "biggest fear"

WASHINGTON The head of the U.S. Postal Service is confident that a government fix could pull it out of a death spiral, but fears another economic downturn could stymie its chances of recovery. | Video