For a president to override Congress' power of the purse is a dangerous precedent. But President Obama is exactly right to say that he is not willing to negotiate policy questions with a gun to his head, and future presidents should not be confronted by the same kind of extortion.
Fed up with how all the economic, financial and policy news out of Europe have been contributing to market volatility? Well, not only will this continue but, now, we must also get ready for something new over the next few weeks.
The committee's members are being warned that all of them will suffer in any future bids for leadership if the committee "fails" to put forward a plan. The economic and polling data make the answer to that clear: Not if they "fail" like leaders.