In a press conference outside the House Democratic caucus meeting, four members discussed their effort to delay leadership elections for a month, in a potential rebuke to Speaker Nancy Pelosi. Ultimately, leadership beat this back by a 2-to-1 margin (129-68 in a secret ballot), and leadership elections will be held today. All leadership members from [...]

Two Democrats seeking a compromise on the Bush tax cuts have suggested that a new tax rate be added for Americans making over $500,000 a year. Currently there are tax rates at roughly $250,000 and $375,000. Reps. Bill Pascrell (D-NJ) and Michael Capuano (D-MA) want to add the $500,000 tax bracket and extend that bracket [...]