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Over 200 economists, including four Nobel prize winners, signed a letter rejecting presidential candidates Hillary Clinton and John McCain’s proposal to offer a summertime gas-tax holiday.

The rejection letter is being supported by many renowned economists from both sides of the political spectrum including Columbia University economist Joseph Stiglitz, former Congressional Budget Office Director Alice Rivlin, 2007 Nobel winner Roger Myerson and Richard Schmalensee of the Massachusetts Institute of Technology, who was member of President George H.W. Bush’s Council of Economic Advisers.

Rivlin, who headed the CBO before running the White House budget office during the Clinton administration, is a Hillary Clinton supporter.

“I don’t have to agree with everything she says, and I think she was wrong on this one,” Rivlin said. “If anything, we need higher gas taxes.” Read the full story

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No, that’s not a misprint. In an interview with CNN’s Larry King Jenna Bush indicated she may vote democratic in November. The President of the United States’ daughter also said she’s been too busy writing her latest children’s book to really pay attention to the election. 

Here’s the transcript from that portion of the interview:

KING: Do you have a favorite between the two, the two Democrats?

L. BUSH: My favorite is the Republican.

(LAUGHTER)

KING: Yours, too, I would imagine.

J. BUSH: I don’t know.

KING: A-ha.

J. BUSH: But, I mean, you know…

KING: Are you open to…

J. BUSH: Yes, of course. I mean, who isn’t open to learning about the candidates? But, I mean, and I’m sure everybody is like that. But I really — I honestly have been too busy with books to really pay that much attention.

Congressional Democrats proposed a six-month compromise with the Bush administration today over the White House’s strong desire to expand government surveillance. According to house and senate democrats, the proposal would permit a secret court to issue a single broad order approving Read the full story

Presidential hopeful Barack Obama worked today to strengthen his foreign policy credentials, which, according to some, may be one of his few perceived weaknesses. In an address to the Woodrow Wilson International Center for Scholars in Washington DC Obama continued to point out that Read the full story