Harry Reid

House Speaker John Boehner couldn’t hold back when he spotted Senate Majority Leader Harry Reid in the White House lobby last Friday. It was only a few days before the nation would go over the fiscal cliff, no bipartisan agreement was in sight, and Reid had just publicly accused Boehner of running a “dictatorship” in the House and caring more about holding onto his gavel than striking a deal. “Go f— yourself,” Boehner sniped as he pointed his finger at Reid, according to multiple sources present. Reid, a bit startled, replied: “What are you talking about?” Boehner repeated: “Go f— yourself.” The harsh exchange just a few steps from the Oval Office — which Boehner later bragged about to fellow Republicans — was only one episode in nearly two months of high-stakes negotiations laced with distrust, miscommunication, false starts and yelling matches as Washington struggled to ward off $500 billion in tax hikes and spending cuts.[Politico]

As you may have heard, the debt ceiling debates are not going so well. John Boehner has described dealing with the Democrats as not unlike “dealing with Jell-o” (“Some days it’s firmer than others. Sometimes it’s like they’ve left it out over night…last weekend it was damn near liquid”). Harry Reid has said Eric Cantor is acting “juvenile” and “shouldn’t even be at the table.” A resolution is nowhere in sight and some days it feels like Derek Jeter’s lucky ball is the only one taking this thing seriously. President Obama wants this thing wrapped up by tomorrow and if it doesn’t get done? He’s going to force Congressional leaders to spend the weekend at his vacation house in Maryland. Read more »

Goldman Sachs has done a lot to try and stem the rage over some people’s belief that the Masters of the Universe did not deserve their nicely-sized bonuses this year. They’ve taken away the cash portion of Lloyd and Co’s, they’ve made senior management fork over a bunch of their money to charity (including a special fund set up specifically to “help Matt Taibbi get the help he needs”), they canceled plans for the annual DuckTails-esque money pit for the distribution of the young employees’ comp, and so on and so forth. And yet. People still won’t get off their asses. So. It was time try something different. A new approach. One that would perhaps appeal to the plebes, where most of the ridiculous bitching is coming from. Everybody agreed this was a great idea, and last night at a fundraiser for Harry Reid held by Goldman co-President Gary Cohn, it was put to the test. Read more »