Cash-strapped California would get some relief by legalizing pot, but the biggest boost would be thanks to massive law enforcement cuts, not new tax revenue, experts say.
In the coming weeks, Congress will attempt to forge a health care bill from proposals developed by five House and Senate committees.
Toward the end of last week, news spread rapidly that the "cash for clunkers" program was about to run out of money.
Government spending on health care is growing at an alarming rate.
Over the past two years, drug violence in Mexico has become a fixture of the daily news. Some of this violence pits drug cartels against one another; some involves confrontations between law enforcement and traffickers.
Later this week, the Obama administration will announce the details of its Homeowner Affordability and Stability Plan, an attempt to rescue homeowners from the housing meltdown that precipitated the financial crisis.
CNN's Paul Steinhauser reports on the Fiscal Responsibility Summit and other Washington news.
Some economists doubt President Obama will be able to meet his goal of cutting the nation's deficit in half by the end of his first term.
Pot should be legal. We could use the money. But that's getting ignored in the wake of this week's Supreme Court decision.
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