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House leadership elections take place Wednesday. Pending the official floor vote in January, Republicans will confirm Rep. John Boehner of Ohio as the next speaker and Rep. Eric Cantor of Virginia as future majority leader. Things appear to have settled on the Democratic side. Speaker Nancy Pelosi, D-Calif., wants to stay on as Democratic leader, and a Democratic arrangement reached Friday clears the way for Maryland Rep. Steny Hoyer to become second in command without a challenge from South Carolina Rep. James Clyburn. The chances of bipartisan action during the lame-duck session could become clearer when President Barack Obama meets next week with leaders of both parties at the White House. On the most pressing issue facing Congress, extension of the Bush tax cuts, Obama wants to extend them for couples earning less than $250,000 annually while seeking a compromise, perhaps a temporary continuation, for wealthier taxpayers. Buoyed by their advantage, Republicans are holding firm on permanent extensions for all. This, Boehner said last week, "will be the most important thing we can do to help create jobs in the country." On Sunday, Obama said that if Republicans "feel very strongly about it, then I want to get a sense of ... how they intend to pay for it."
[Associated
Press;
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