The next major challenge Washington lawmakers will face won't be dealing with the expiration of the Bush tax cuts, it will be addressing what to do about the nation's long-term debt. Reports from the Bipartisan Policy Center's Debt Reduction Task Force and President Barack Obama's fiscal-reform commission are due in December and could lead to major policy changes, such as overhauling the federal tax code and across-the-board spending cuts.

Full Story:

Related Summaries