President Obama will meet with congressional leaders in an attempt to revive the debt-limit talks that broke down last week. GOP leaders need to realize that they are the ones with the leverage in these negotiations.

The Obama and Ryan plans have one striking similarity, as neither specifies which tax preferences will be curtailed or eliminated. Each plan will face hard choices when it comes time to spell out the details. Significant base broadening cannot be achieved by eliminating unpopular loopholes.

AEI scholar Andrew Biggs, a former principal deputy commissioner at the Social Security Administration, is available to explain why retirees will not get a cost of living adjustment this year.

Here is another good news/bad news column about the 112th Congress.

In "Hedging Against Peak Oil Shocks," Marc D. Weidenmier studies how increases in the price of oil affect employment and unemployment, both in energy- and nonenergy-producing states.

In the run-up to this weekend's G-8 summit at Camp David, journalists have unfavorably compared European "austerity" with Barack Obama's economic policies.

It's tempting to call the shameful taxpayer subsidy for electric cars - vehicles that are unaffordable for all but a small number of wealthy Americans - this nation's costly little secret.

The cap-and trade levy would hit low-income earners especially hard.