Mr Obama, who called 130 lawmakers and members of think-tanks to the White House for what he described as a “fiscal sustainability summit”, added that by the end of his first term, he would halve the budget deficit he inherited from George W. Bush.
…
Although Lawrence Summers, head of the National Economic Council, fell asleep on the podium, most attendees, including Republicans, appear to have appreciated the exercise. There was even some light-heartedness.
Feeling the confidence yet?
