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In 1945, President Franklin Roosevelt, Joseph Stalin and Winston Churchill held a summit in Yalta to determine what post war Europe would look like. All agreed that Germany must unconditionally surrender. Each leader though had a different agenda and the summit took a week to complete. And still not everyone was happy.
Summits are held to iron out the differences in details. In Washington last week, there was a summit between the President, Congressional Democrats and Congressional Republicans. Unlike Yalta though, no agreements came out of it.
Washington was consumed by the healthcare summit this week. The President, along with Republican and Democratic Congressional leaders sat down at the Blair House to talk healthcare.
Last week, it was reported that a bipartisan group of people will study the federal government's budget and make recommendations for spending decreases and tax increases. At first glance, you might think they were referring to the United States Congress. After all, that is what Members of Congress are supposed to do.
The President signed an executive order to create the National Commission on Fiscal Responsibility and Reform. The 18-member Commission will make non-binding recommendations to Congress by December that are meant to balance the budget by 2015.