FIRST LOOK – ALAN GREENSPAN, Fed chairman from 1987 to 2006, in a book out Oct. 22 from The Penguin Press, “The Map and the Territory: Risk, Human Nature, and the Future of Forecasting ”: “Our highest priority going forward is to fix our broken political system. Short of that, there is no viable long-term solution to our badly warped economy. In America we are being pulled apart politically in ways unrivaled since the aftermath of the 1929 crash. … My first realization of a striking shift in our politics was brought to my attention by the staunch conservative three-term senator from Utah, Robert Bennett. He feared that despite his strong approval ratings, his 2010 reelection bid was by no means secure. In his 2004 reelection, Bennett won 69 percent of the vote. His problem, as he stated it, was unexpected contenders for his Senate seat from his political RIGHT. [The 18-year veteran finished third at the Utah Republican convention and his seat is now held by Sen. Mike Lee, an instigator of the effort to shut down the government over Obamacare.] It was my first awareness of what later came to be known as the Tea Party, a political movement that emerged in 2009 and became a powerful force in the 2010 election. …
“Both uncompromising sides of our ongoing debate on fiscal and other issues need to recognize that financial crisis lurks should we fail to resolve our deeply disruptive fiscal imbalance. And that imbalance is far greater than the official data portray [because of contingent liabilities to the U.S. government from possible rescues of large financial firms and iconic nonfinancial firms] … At risk is the status the American economy has held as the preeminent world economic power for more than a century. …
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“My introduction to ‘political Washington’ came in the 1960s when I was first invited to the dinners that were hosted by the Washington Post’s Katharine Graham, pundit Joseph Alsop, and others. To my recollection, the invitees to these dinners were ritualistically half Democrats and half Republicans. Today, attendance at similar dinners is predominantly a 95 to 5 percent split, with either Democrats or Republicans in the majority. … The bias toward unconstrained deficit spending is our top domestic economic problem.”
--Dedication : “For my beloved Andrea” …
Preorder : $27.77 hardcover; $18.99 Kindle; $26.96 audiobook CD http://amzn.to/18bKRjy
SPOTTED, atop A1 of The New York Times : Rory Cooper, communications director to House Majority Leader Eric Cantor (walking directly behind the Leader); Doug Heye, deputy chief of staff (behind Rory); and Allen Jamerson, Cantor’s new special assistant (bow tie). http://goo.gl/X4TqAl
NEW ON THE TWITTERS: Tim Cook (@Tim_Cook), “CEO Apple, Fan of Auburn football and Duke basketball … Cupertino. ” Only tweet so far: “Visited Retail Stores in Palo Alto today [as new iPhones debuted]. Seeing so many happy customers reminds us of why we do what we do.” In less than 24 hours, 165,000+ followers.
THE NEXT BEN – WSJ A5, “White House Is Urging Senators to Defend Yellen,” by Peter Nicholas : Janet “Yellen, the Fed's vice chairwoman, became the front-runner to lead the central bank after Lawrence Summers withdrew … White House officials this past week called some of those same Democratic lawmakers, urging them to stand up for Ms. Yellen in the event she comes under criticism. The message: ‘If she starts getting attacked, you guys should step in and defend her’ … The phone calls on Ms. Yellen's behalf are a fresh sign that she is the lead candidate to succeed Ben Bernanke as Fed chairman.” http://goo.gl/f0BVzd
--“Fed's Yellen Postpones New York Speech as Her Candidacy Gains,” by Bloomberg’s Caroline Salas Gage : “Yellen postponed [an Oct. 1] speech … to the Economic Club of New York, the club said” Friday.
IMPORTANT IF TRUE -- “Senior U.S. Republican to target state, local tax deduction,” by Reuters’ Kim Dixon : “The U.S. Congress' top Republican on tax policy … is likely to recommend repeal of a popular and costly federal tax deduction for state and local taxes paid, congressional aides said. House … Ways and Means Committee Chairman Dave Camp … is pushing forward with the idea of a tax code overhaul despite expectations that this Congress is too fractured to take on such a big project. The provision, available only to the roughly one-third of federal taxpayers who itemize, allows taxpayers to deduct from their income the value of state and local property tax paid, as well as state and local income or sales tax paid. Claimed by 46.6 million Americans in 2011, the deduction reduced U.S. tax revenues that year by an estimated $42 billion, making it one of the largest tax breaks in the code.”
--PLAYBOOK FACTS OF LIFE : This is being looked at, no doubt. But Camp hasn’t made decisions like this, and is still consulting members of his committee. Don’t look for a plan until later this fall.
NETWORK NEWS ALERT – L.A. Times 2-col. lead, “Hollywood plays key role for health law: White House counts on the entertainment industry to promote its plan, especially to young people,” by Maeve Reston: “Wedged into the blotter on [president of production] Mike Farah's desk at the Funny or Die studios in Hollywood is an index card with a list — wrangling talent, polishing scripts and arranging shoots … Farah and his team [are] developing as many as 20 projects involving the healthcare law. The first will go live on Sept. 30, the day before Americans are supposed to be able to enroll in the new health insurance marketplaces. … Farah's drive stems from a series of White House meetings, culminating in a July session in the Roosevelt Room in which the president asked for help promoting the law from a conference table full of artists, entertainers and creative executives including Farah, Amy Poehler, Jason Derulo, Michael Cera and Jennifer Hudson. …
“On the other side , powerful conservative groups are trying to persuade Americans to opt out of the law. This week, the group Generation Opportunity aired a Web video depicting Uncle Sam popping up between the legs of a young woman at the gynecologist's office. The video drew more than 600,000 views within 36 hours. … Americans for Prosperity, the free-market advocacy group that spent more than $33 million to try to defeat Obama in the 2012 election, has hosted telephone forums and town-hall-style meetings as part of a 35-state campaign to block the healthcare law. ‘We now have a funded, professional, logistically proficient infrastructure that, when one of these fights [arises] can really spring into action,’ said Americans for Prosperity President Tim Phillips. …
“[Farah] agrees to show one video , which makes the case to sign up for insurance with the laugh-cringe moments you might expect from Funny or Die: a little girl tumbling head-first off her rocking horse, a skateboarder's ill-fated trick, a boy attempting a jump on his bike and ending up limp on the asphalt. ‘Valerie Jarrett loved this video,’ Farah said.” http://goo.gl/HP8XRe
SECOND CHANCE FOR RESOLUTIONS: As of tomorrow, there will be 100 days left in 2013. What would you like to celebrate on Jan. 1, 2014?
THE ECONOMIST cover, all eight global editions, “The weakened West,” showing a lion looming over a map of Syria – with his dentures out! “America, Russia and Syria: The deal over Syria’s chemical weapons marks a low for those who cherish freedom ”: “In Western capitals the sigh of relief over Syria is audible. Barack Obama, while admitting that his diplomacy fell short on ‘style points,’ claims that he got what he wanted. Syria’s president, Bashar Assad, will sign the convention against chemical weapons and get rid of the agents that he used to kill around 1,500 of his own citizens last month. Even better, Russia shares responsibility for enforcing the plan, which could lead to broader co-operation with America, while Syria’s other ally, Iran, is making noises about negotiating with the Great Satan over its own nuclear programme. … Obama has managed to avoid the sort of humiliating defeat in Congress that David Cameron suffered in Britain’s Parliament. Now that military action is unlikely, Mr Cameron will not be embarrassed as a no-show. François Hollande no longer faces a domestic fight over his willingness to take France to war on Congress’s command. …
“Step back, and the outcome looks rotten . For a start, the deal itself is flimsy because it will be so hard to enforce. … America’s credibility as an ally has been undermined. … Last, America’s credibility as an opponent has also suffered. … The West’s great problem is the paralysing legacy of Iraq and Afghanistan, exacerbated by a weak economy in Europe and, in America, vicious partisan politics. Everyone knew that Western citizens were tired of fighting, but until Mr Obama and Mr Cameron asked them, nobody knew just how tired. … The West is not on an inexorable slide towards irrelevance. Far from it. America’s economy is recovering, and its gas boom has undermined energy-fuelled autocracies. Dictatorships are getting harder to manage: from Beijing to Riyadh, people have been talking about freedom and the rule of law.”
See the cover. http://goo.gl/Ud5sBE
Read the editorial. http://goo.gl/XexzNu
--Reuters/Amsterdam : “Syria has handed over details of its chemical arsenal to U.N.-backed weapons watchdog, meeting first deadline of U.S.-Russian disarmament accord which could avert Western air strikes.”
** A message from Business Roundtable : America’s business leaders want Washington to solve problems that threaten economic growth and job creation. Fix America’s broken immigration system to strengthen national security and promote a healthier economy. Washington, it’s time to act. Learn more at www.businessroundtable.org. **
FISCAL FRACAS – “Obama calls Boehner, rules out debt negotiations,” by Jake Sherman and John Bresnahan: “Obama called Speaker Boehner Friday night to reiterate his hard-line stance. The Ohio Republican’s office said the president called to say ‘he wouldn’t negotiate with him on the debt limit.’ ‘Given the long history of using debt limit increases to achieve bipartisan deficit reduction and economic reforms, the speaker was disappointed but told the president that the two chambers of Congress will chart the path ahead,’ a Boehner aide said in an email. ‘It was a brief call.’ A White House official said Obama spoke to both Boehner and House Minority Leader Nancy Pelosi. ‘The President telephoned Speaker Boehner and told him again that the full faith and credit of the United States should not and will not be subject to negotiation,’ the official said in a statement … ‘The President reiterated that it is the constitutional responsibility of the US Congress to pass the nation’s budget and pay the nation’s bills.’ …
‘”The president’s position is that Congress should raise the $16.7 trillion debt ceiling without any accompanying budget changes or reforms — a so-called ‘clean’ debt ceiling increase. Yet it’s unclear if such a hike could pass in the House or the Senate. … [A]fter the call, [Pelosi] sent out a letter to fellow Democrats asking them to give her maximum flexibility by keeping their ‘powder dry’ as the debate over government funding and a debt-limit increase continues.” http://goo.gl/ivJQ01
--“Senate turns to CR that defunds Obamacare,” by Jake Sherman and John Bresnahan : “The House vote late Friday morning was 230-189, with Republican Rep. Scott Rigell (Va.) as the only Republican to vote against the $986 billion, three-month package. Democratic Reps. Mike McIntyre of North Carolina and Jim Matheson of Utah crossed the aisle and voted for the bill. Matheson and McIntyre both opposed Obamacare’s passage. The Republican-drafted continuing resolution, or CR, keeps the government operating until Dec. 15, allowing the House and Senate time to try to reach deals on the 12 individual appropriations bills. None of those bills has been enacted yet. But the CR is certain to return to Speaker Boehner’s chamber next week in drastically different shape following Senate action — Reid has said that defunding Obamacare is ‘dead’ and Democrats can strip out the language with a simple majority. …
“Sen. Ted Cruz (R-Texas) — who started the defund movement —says he will do whatever he can, including a talking filibuster, to stall the measure’s passage in the upper chamber. … Following Friday’s rare display of party unity, the House Republican Conference will be tested next week when the bill returns. In a closed-door House GOP meeting before the CR vote, Pennsylvania Republican Rep. Mike Kelly urged his colleagues to stick with Boehner. ‘I don’t want this to be like Palm Sunday, where we bring the speaker in on a little donkey and then next Friday, we crucify him,’ Kelly said, according to several sources.” http://goo.gl/zMyhSi
--THE HEADLINES : WSJ 5-col. lead, “Health Law Thrust Into Fiscal Fights: House GOP Votes to Strip Money for Insurance Overhaul as Oct. 1 Shutdown Deadline Approaches” … N.Y. Times 1-col. lead, “HOUSE APPROVES STOPGAP MONEY, SETTING UP FIGHT: NO HEALTH PLAN FUNDS – Democrats Reject Idea – Government Is on Path to Shutdown” … WashPost 2-col. lead, “House approves budget defunding health-care law: SENATE NEXT TO ACT AS SHUTDOWN NEARS – Obamacare to face 2 nd assault in debt-limit bill.”
RAW DATA – “Forbes list of top 10 American billionaires … The top 10 people on this year's Forbes 400 list” -- AP: “Bill Gates, $72 billion … Warren Buffett, $58.5 billion … Larry Ellison, $41 billion … Charles Koch, $36 billion … David Koch, $36 billion … Christy Walton & family, $35.4 billion … Jim Walton, $33.8 billion … Alice Walton, $33.5 billion … S. Robson Walton, $33.3 billion … Michael Bloomberg, $31 billion.” http://www.forbes.com/forbes-400
2016 WATCH – “With 2016 in distance, Clinton keeps up supporters,” by AP’s Ken Thomas in Chicago: “Hillary Rodham Clinton is making sure she stays connected to important Democratic constituencies -- from college students and black women to the gay and lesbian community… [H]ere are some of the events on her schedule this fall: appearances before college students in New York, an award from the Elton John AIDS Foundation, a speech at a Minneapolis synagogue and an event involving a Mexican-American initiative in California. … While her speeches avoid partisan politics, they put her before admiring audiences that relish the notion of a woman leading the country. …
“Clinton's advisers note that she has avoided the circuit of Democratic dinners and events in early voting states such as Iowa, New Hampshire and South Carolina, and focused on issues about which she long has been passionate -- the status of women and girls around the globe, early childhood education and the trafficking of wildlife in Africa. She is expected to limit her in-person political activity this year to fundraisers and events for Terry McAuliffe, a friend who's running for Virginia governor. … Her travel can often resemble a victory lap, filled with awards and acclaim. In addition to speeches at three New York universities, … Clinton will be honored by Yale Law School, where she earned her law degree, and the Children's Defense Fund, where she started her work in the 1970s as an advocate for women and children.”
FOR YOUR RADAR -- WSJ A1, “Afghan Deaths Hit Record as U.S. Exits.”
THE PRESIDENT’S WEEK AHEAD, per the White House : “On Saturday evening, the President will deliver remarks at the CBC Foundation Annual Phoenix Awards Dinner at the Walter E. Washington Convention Center. The First Lady will also attend. … On Sunday, the President and First Lady will visit with families of the victims of the Washington Navy Yard shooting and attend a Washington Navy Yard Memorial. The memorial will be held at Marine Barracks … On Monday, the President and the First Lady will travel to New York City for the 68th Session of the United Nations General Assembly (UNGA). The President and the First Lady will remain overnight in New York City.
“On Tuesday , the President will deliver remarks to the UN General Assembly; the First Lady will attend the event. Later in the day, the President will visit the Clinton Global Initiative where he and President Clinton will engage in a conversation about the benefits and future of health care reform in America, and access to quality health care around the globe. In the evening, the President will attend an event for the DNC before returning with the First Lady to the White House. … On Friday, the President will welcome Prime Minister Singh of India to the White House for a bilateral meeting. This meeting follows the Prime Minister’s visit to Washington in 2009, and the President’s visit to India in 2010.”
THE V.P.’s WEEKEND : “The Vice President will be in Wilmington, Delaware. There are no public events scheduled.”
SPORTS BLINK – “A-Rod sets slam record,” by AP’s Mike Fitzpatrick in New York: “Alex Rodriguez's record-breaking grand slam was a big one for the Yankees, who can only hope it came in time for a last-gasp run at the playoffs. Rodriguez set a major league mark with his 24th career slam, passing Lou Gehrig with a tiebreaking shot in the seventh inning that sent New York to a 5-1 victory over the San Francisco Giants on Friday night.”
--MLB Playoffs – Boston Globe A1 above fold, “RAGS TO RICHES RED SOX CLINCH IT: Red Sox closer Koji Uehara … celebrated with his teammates after Friday night’s game against the Blue Jays at Fenway, where the Sox clinched the American League East title with a 6-3 win.” … The Sports Exchange: “The Boston Red Sox completed their amazing turnaround from worst to first … Boston's last AL East crown came in 2007, when it went on to win the World Series. One year ago, the Red Sox were at the tail end of a dismal 69-win season, the franchise's worst since 1966 (72-90).”
--FOR DEE DEE, CAMILLE, WILL, DAVID and TAGG -- L.A. Times, top of A1, “HOW THE WEST WAS WON: The Dodgers clinched the National League West Division championship on Thursday with a 7-6 victory over the Arizona Diamondbacks. After losing to the San Diego Padres on June 21, the Dodgers had a 30-42 record and were in last place. The team then went 58-23 to secure a spot in the playoffs.” http://goo.gl/OSYyN
BIRTHDAYS : Ian Russell, DCCC's campaign and candidate recruitment director (hat tip: Jesse Ferguson) … Anna Greenberg of Greenberg Quinlan Rosner (h/t Jon Haber) ... Monica Carmean, legislative counsel for Sen. Tester, and proud Northwestern Wildcat (h/t Dave Stroup) ... Jessica Andrews of the State Department is 26 (h/t Jason Rahlan) … author-comedian Fannie Flagg is 72 … producer Jerry Bruckheimer is 70. author Stephen King is 66 … Bill Murray is 63 … Hall of Fame jockey Eddie Delahoussaye is 62 … former Australian Prime Minister Kevin Rudd is 56 … retired MLB All-Star Cecil Fielder is 50 … Faith Hill is 46 … Ricki Lake is 45 (h/ts AP)
DESSERT – “‘Grand Theft Auto V’ sales race past $1 billion” – AFP/San Francisco: “‘Grand Theft Auto V’ raked in more than a billion dollars in a record-shattering first three days on the streets for the unabashedly violent videogame, the publisher announced. Take-Two Interactive Software said it believed that the blistering pace of GTA V sales ‘marks the fastest (of) any entertainment property, including video games and feature films.’ ‘Grand Theft Auto is a cultural phenomenon, and Rockstar Games continues to redefine what can be achieved in interactive entertainment,’ said Take-Two chief executive Strauss Zelnick.Take-Two's unit Rockstar Games spent five years crafting the title, with a rumored production budget of $270 million, and the time has paid off for gamers, according to a slew of reviews giving it top marks.
“The GTA franchise has won legions of fans and cadres of critics with gameplay in which triumph depends on acts such as carjacking, gambling and killing. Play in Grand Theft Auto games has included simulated sex with prostitutes and drunken driving. The latest version is said by reviewers to be rife with more of the same, along with profanity-packed dialogue. The fifth installment in the GTA series is set in a fictional city of Los Santos based on real-world Los Angeles and its nearby hills and beaches.” http://goo.gl/HqZ3dT
THE SHOWS, from @MattMackowiak:
NBC’s “Meet the Press” : NRA executive vice president Wayne LaPierre; mother of Aurora, CO shooting victim and gun-control activist Sandy Phillips; Sen. Mike Lee (R-UT), Sen. Amy Klobuchar (D-MN), Rep. Barbara Lee (D-CA) and Rep. Marsha Blackburn (R-TN); roundtable with The Weekly Standard’s Bill Kristol, Wall Street Journal columnist Kim Strassel, former Obama White House press secretary and NBC News political contributor Robert Gibbs; PBS’ Tavis Smiley’
ABC’s “This Week” : Rep. Chris Van Hollen (D-MD); Rep. Tom Graves (R-GA); roundtable with CNN co-host and former Speaker of the House Newt Gingrich (R-GA), former Clinton administration Labor Secretary and the University of California at Berkeley’s Robert Reich; PBS’ Gwen Ifill and ABC News’ Jonathan Karl; “Sunday spotlight” segment with tennis legend Billie Jean King
CBS’s “Face the Nation” : Sen. Joe Manchin (D-WV); Sen. Tom Coburn (R-OK); Rep. Matt Salmon (R-AZ); former Nixon administration Secretary of State Henry Kissinger; roundtable with TIME Magazine’s Nancy Gibbs, TIME Magazine’s Bobby Ghosh, The New York Times’ David Sanger and CBS News’ John Dickerson
“Fox News Sunday” : Sen. Ted Cruz (R-TX); former U.N. weapons inspector Charles Duefler; Sen. Claire McCaskill (D-MO); roundtable with Fox News’ Brit Hume, Cook Political Report’s Amy Walter, former Bush White House senior advisor Karl Rove and former Rep. Dennis Kucinich (D-OH); “Power Player of the Week” segment with The Trump Organization’s Ivanka Trump
CNN’s “State of the Union” (SUN 9-10am ET / 12pm ET): House Minority Leader Nancy Pelosi (D-CA); political roundtable with Democratic strategist Donna Brazile, American Conservative Union chairman Al Cardenas, former Clinton White House press secretary Joe Lockhart and Republican strategist Kevin Madden
CNN’s “Fareed Zakaria GPS” : (SUN 10am ET / 1pm ET): Former President Bill Clinton
“Fox News’ “MediaBuzz” (11am ET / 10am CT): Roundtable with Fox News contributor Lauren Ashburn, The Blaze TV’s Amy Holmes, Fox News’ Juan Williams, Fox News host Greta Van Susteren and American, The National Catholic Review editor-in-chief Matt Malone
CNN’s “Reliable Sources” : (SUN 11am ET): Washington Times’ Emily Miller and American University’s Andrew Lih; The Washington Post’s David Fallis; Poynter Institute’s Kelly McBride; The Guardian editor Alan Rusbridger; ESPN host Tony Kornheiser (guest host: NPR’s David Folkenflik)
Univision’s “Al Punto” (SUN 10am ET): Rep. Xavier Becerra (D-CA); Rep. Mario Díaz Balart (R-FL); Venezuelan opposition leader Henrique Capriles Radonski; Assistant Secretary of State for Economics and Business Affairs José W. Fernández; Surgeon General Dr. Rafael J. Grossman
C-SPAN : “The Communicators” (SAT 6:30pm ET): American Cable Association President & CEO Matthew Polka, questioned by Telecommunications Reports’ Lynn Stanton … “Newsmakers” (SUN 10am ET / 6pm ET): Rep. Steve Scalise (R-LA) … “Q&A” (SUN 8pm ET / 11pm ET): U.S. Department of Agriculture Inspector General Phyllis Fong
Bloomberg’s “Political Capital” with Al Hunt (SUN 8am ET / 1pm ET): Sen. Patty Murray (D-WA);discussion of prospects for the next Federal Reserve chairman and this week’s FOMC meeting with Bloomberg News’ Julianna Goldman and Bloomberg News’ Rich Miller; discussion of the budget battle with Bloomberg News’ Heidi Przybla; Bloomberg View columnists Margaret Carlson and Megan McArdle
Bloomberg Government’s “Capitol Gains” (WUSA9 SUN 11:30am ET / Bloomberg TV SUN 12pm ET / 5pm ET): Rep. Tim Huelskamp (R-KS); Purdue University president and former Gov. Mitch Daniels (R-IN); discussion of why U.S. firms have a competitive advantage in opportunities to help destroy Syria’s chemical weapons with Bloomberg Industries’ Brian Friel
--MSNBC’s “UP with Steve Kornacki” – THIS MORNING : Rep. Bill Pascrell (D-NJ). Second-term slump? The panel will also look at President Obama’s second-term and how it stacks up to other president’s final years in office. And “UP Against the Clock” returns! The panel will test its knowledge of what happened this week in politics. …
Sunday, 8 to 10 a.m .: The Bernard Center for Women, Politics and Public Policy’s Michelle Bernard; author and columnist Norm Ornstein (“It’s Even Worse than it Looks: How the American Constitutional System Collided with the New Politics of Extremism”); former Rep. Steve LaTourette (R-Ohio).
MSNBC’s “Melissa Harris-Perry” : (SUN 10am-12pm ET): Author and Forbes.com columnist Gordon Chang (“The Coming Collapse of China”); Michigan State University’s Lisa Cook; Reason Magazine editor-in-chief Matt Welch; DEMOS vice president of policy and research Tamara Draut; parents of a student who forced to participate in an uncomfortable presentation of slavery on a field trip James and Sandra Baker; actor Tom Wopat; actress Adepero Oduye
PBS’s “To the Contrary” : WADJDA director Haifaa Al-Mansour; roundtable with Del. Eleanor Holmes Norton (D-DC), Red Alert Politics editor Francesca Chambers, RH Reality Check editor at large Erin Matson, IWF senior policy analyst Hadley Heath and the United States Institute of Peace’s Manal Omar
SiriusXM's “Polioptics” with Josh King (SAT/SUN 12pm ET / 6 pm ET): Former Deputy Treasury Secretary Neal Wolin, on his career-spanning service to Presidents Bush 41, Clinton and Obama, and the challenges ahead for the president's economic team. And Richard Wolffe, author of "The Message: The Reselling of President Obama.” On SiriusXM's POTUS Ch. 124, also available for download on iTunes and at http://www.polioptics.com.
** A message from Business Roundtable: America’s business leaders believe that the U.S. economy is primed for a strong and sustained expansion, but failure of the nation’s political system to effectively address major structural problems is holding back robust recovery. It is time for Washington to demonstrate that it is still capable of finding sensible, bipartisan solutions. Business Roundtable CEOs urge the president and Congress to take action now on an economic growth strategy that will build confidence, encourage business investment and create more jobs. Learn more about the BRT’s positions on the budget and debt ceiling, comprehensive tax reform, strengthening Social Security and Medicare, and fixing immigration at www.businessroundtable.org. **
****** A message from the Coalition for Affordable Prescription Drugs (CAPD): A new study estimates that Medicare Part D costs would be 58 percent higher without pharmacy benefit managers' (PBMs') clinical tools and price negotiations with drug manufacturers and pharmacies. The study shows PBMs significantly lower premiums and out-of-pocket costs for Medicare beneficiaries. In fact, PBMs are projected to save Medicare Part D $896 billion over the next decade. Thanks to PBMs, Medicare Part D continues to drive savings and value for taxpayers and beneficiaries, ensuring that more than 39 million American seniors can access the prescription drugs they need. Learn more at affordableprescriptiondrugs.org ******
Mike Allen is the chief White House correspondent for POLITICO. He comes to us from Time magazine where he was their White House correspondent. Prior to that, Allen spent six years at The Washington Post, where he covered President Bush's first term, Capitol Hill, campaign finance, and the Bush, Gore and Bradley campaigns of 2000. Before turning to national politics, he covered schools and local governments in rural counties outside Fredericksburg, Va., for The Free Lance-Star, then wrote about Doug Wilder, Oliver North, Chuck Robb and the Bobbitts for the Richmond Times-Dispatch, where he nurtured police sources on overnight ride-alongs through housing projects. Allen also covered Mayor Giuliani, the Connecticut statehouse and the wacky rich of Greenwich for The New York Times. Before moving to The Times, he did stints in the Richmond and Alexandria bureaus of The Washington Post. Allen grew up in Orange County, Calif., and has a B.A. from Washington and Lee University, where he majored in politics and journalism.
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