Trent Franks

Gage Skidmore

As Democrats and Republicans struggle over how to balance the federal budget, Republicans have drawn a line in the sand.

President Obama is giving Congress a “to do” list.

He’s asking lawmakers to help him lower interest rates on mortgages for millions of homeowners.

And he wants to entice U-S companies with holdings overseas to invest that money here at home by ending some tax breaks they enjoy.

The president is urging Congress to pass these and three other components of the Jobs Act he introduced earlier in the year.

Gage Skidmore

More than seventy members of Congress are backing former Massachusetts Governor Mitt Romney, including Arizona Senator John McCain and Congressman Jeff Flake. While Gingrich has only won ten endorsements from members of Congress – half are from his home state of Georgia. But one of his most outspoken backers is Arizona Congressman Trent Franks…who is actively trying to woo his colleagues into the Gingrich camp.

Since Congress has been struggling to come up with next year's budget, the spotlight has moved away from the work of another congressional budget committee.

A twelve-member super committee was given the task of finding more than one trillion dollars in budget cuts by last Thanksgiving.

That committee missed its deadline.

So, automatic cuts are slated to take effect.

That means deep spending reductions could hit the Pentagon.

 And that doesn't bode well for Arizona’s Defense industry.