Tuesday, January 22, 2013

Obama Term II: President to stand his ground on fiscal debates

U.S. President Barack Obama recites the oath of office, as first lady Michelle Obama looks on. PHOTO/Alex Wong/Getty Images

President Barack Obama devoted one word - "deficit" - to the issue that brought Washington to the brink of fiscal crises time and again during his first term.

But it was the paragraph that followed in his inaugural address that foreshadowed what's to come — more hard bargaining and more last-minute deals driven by Obama's own conviction that he now wields an

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