dana liebelson

Dana Liebelson

Reporter

Dana Liebelson is a reporter in Mother Jones' Washington bureau. She contributes regularly to The Week. Previously, she worked for the Project On Government Oversight (POGO), covering defense and open government issues. Her work has also appeared on TIME's Battleland, TruthoutOtherWords and Yahoo! News. In her free time, she plays electric violin in an Indie rock band.

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VIDEO: GOP "Out for Blood" After Fiscal Cliff Deal

| Thu Jan. 3, 2013 2:39 PM PST

Congress may have averted the fiscal cliff, but when it comes to ugly fiscal battles, America hasn't seen anything yet, according to Mother Jones Washington Bureau Chief David Corn. "The Republicans now are going to be out for blood" Corn says. "Having lost this round as they are see it, they are going to want to have a big fight over the debt ceiling and to demand it's not raised."

Watch Corn's full discussion on the fiscal cliff deal here:

WATCH: President Obama "Modestly Optimistic" We Won't Fall Off Fiscal Cliff

| Fri Dec. 28, 2012 5:24 PM PST

Friday evening President Obama expressed modest optimism that the House and Senate will reach a fiscal cliff deal before the New Year's deadline, but said that if Congress fails to act, he will ask Senate Majority Leader Harry Reid (D-Nev.) to propose a bill that protects unemployment benefits and stops tax increases on the middle class.

"I will urge Senator Reid to bring to the floor a basic package for an up-or-down vote, one that…lays the groundwork for additional deficit reduction and economic growth steps," President Obama said at a press conference on Friday, after meeting behind closed doors with Sen. Reid, Senate Minority Leader Mitch McConnell (R-Ky.), House Speaker John Boehner (R-Ohio) and House Minority Leader Nancy Pelosi (D-Calif.) "That's the bare minimum...and it shouldn't be that hard."

As my colleague Andy Kroll points out, the fiscal cliff "isn't really a cliff" but we're still "in for roughly $400 billion in tax increases and $200 billion in spending cuts…spread out over many months." Without a fiscal cliff deal, Bush's tax cuts for the middle class will expire, shrinking US GDP by 1.3 percent. Additionally, unemployment benefits worth $30 billion are expected to run out, potentially ending benefits for millions of Americans.

"The American people are not going to have any patience for a politically self-inflicted wound to our economy," the President said. "Outside of Washington, nobody understands how it is that this seems to be a repeat pattern."

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