Monday,  November 26, 2012 • Vol. 13--No. 131 • 19 of 24 •  Other Editions

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give-and-take in the negotiations to avoid the "fiscal cliff" of massive tax increases and spending cuts. But raising tax rates -- a White House priority -- is out of the question, the group adds.
• The homebuilding industry says it won't tolerate even a nick in the mortgage interest deduction. It doesn't matter, industry leaders say, if it's part of a broad, spread-the-pain package designed to tame the soaring debt.
• And there's no ambiguity in the views of the top lobbying arm for retirees.
• "AARP to Washington: No cuts to Medicare and Social Security in last-minute budget deal" the group's Web site declares. AARP nixes the notion of slowing the cost-of-living formula for Social Security recipients, even if it's part of a big, bipartisan compromise package. And President Barack Obama should drop his idea of raising Medicare's eligibility age, AARP adds.
• So much for the notion of shared sacrifice as Congress and the White House face a Dec. 31 deadline to craft a far-reaching deficit-reduction plan. If they fail, the government tips over the so-called fiscal cliff, at least for a time. Nearly everyone's taxes will rise, and federal programs will be whacked. Financial markets might quake, and a new recession could begin, economists say.
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White House could get its chance to close books on Benghazi PR disaster, push Rice nomination

• WASHINGTON (AP) -- The White House could finally have its chance to close the books on its Benghazi public relations disaster, as key Republicans signal they might not stand in the way of U.N. Ambassador Susan Rice to become the next secretary of state.
• "I think she deserves the ability and the opportunity to explain herself and her position," Sen. John McCain, R-Ariz., told "Fox News Sunday." ''But she's not the problem. The problem is the president of the United States," who, McCain said, misled the public on terrorist involvement.
• Rice is widely seen as President Barack Obama's top pick to replace Secretary of State Hillary Rodham Clinton as the nation's top diplomat. But Rice's reputation took a serious hit this fall when she relied on unclassified talking points provided by the intelligence community that portrayed the attack in Benghazi, Libya, as a spontaneous assault by a mob angered by an anti-Muslim video posted on YouTube.
• Intelligence officials quickly amended their assessment to conclude the attack hadn't been related to other film protests across the Middle East. But that revised

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