The Fast Fix
  • A deal on the debt ceiling is reached, but the economy is far from fixed.

    A deal on the debt ceiling appears to have been made.

    Not only does the compromise raise the country's borrowing limit into 2013, it also cuts spending by $1 trillion immediately and creates a committee tasked with cutting even more.

    Assuming the current deal can win majorities in the House and Senate, here are three takeaways from the debt limit fight:

    First, Republicans largely won. They got major spending cuts without having to give any ground on revenues or taxes. While raising the debt limit was always going to be a tough vote for many newly elected Republicans in the House, they got much more than most people thought they might in exchange.

    Second, the next date to circle on your calendar in the debt fight is late fall when the committee created by this deal is required to report their recommendations for future cuts. Committees like these have a very mixed record of success in Washington, so there's

    Read More »from The Fast Fix: Debt problem solved?
  • New figures suggest that Wall Street is investing in Mitt Romney.

    In the battle for Wall Street campaign cash, Mitt Romney is beating Barack Obama.

    Employees at Goldman Sachs, one of Wall Street's most high profile companies, donated nearly $250,000 to the former Massachusetts governor over the past three months.  President Obama raised $127,000 from Goldman for himself and the Democratic National Committee over that same period. In 2008 Obama raised more than a million dollars from Goldman, the single biggest corporate donor to his campaign.

    The reason for Romney's edge is at least in part due to the relationship he built as a co-founder of Bain Capital, a private equity firm. Romney allies insist his haul is also the result of a discontent within the financial sector toward the policies President Obama has pursued in office -- most notably the stiffer rules for the industry passed last year.

    Still, Obama isn't doing too bad among Wall Street types.  One in three of his top bundlers

    Read More »from The Fast Fix: Has Wall Street abandoned Obama?
  • Does Palin still have what it takes to maintain support of the Republican base?

    A box office star Sarah Palin isn't.

    A new documentary about her time as governor of Alaska has grossed less than $100,000 since its release earlier this month, including a paltry $24,000 last weekend.

    That flop is leading some people to question just how much pull Palin retains within the Republican base, a troubling storyline for the 2008 vice presidential nominee as she mulls a 2012 run.

    Palin has largely disappeared from the national scene since her out-of-nowhere Memorial Day bus trip to historic sites that seemed to be party political gambit and part family vacation.  While Palin has laid low, the 2012 presidential election has picked up speed with a key straw poll vote set for next month in Iowa.

    Out of sight isn't always out of mind when it comes to Palin though. A new Washington Post/ABC News poll showed her running second behind former Massachusetts governor Mitt Romney in a hypothetical 2012

    Read More »from The Fast Fix: Is Palin failin’?

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