Bob Woodward’s new book, describing the failed budget deal which almost allowed the country to default on its debt, hits bookstores and online retailers Tuesday.
“The Price of Politics” takes a look at the current economy and what’s caused the economic slide. It also details how close the president was to making a budget deal with Republicans and Speaker of the House John Boehner before it fell apart.
Woodward’s book outlines how a deal was brokered between the two parties over golf and closed door meetings over drinks, and how things quickly fell apart with one phone call from the president to Speaker Boehner asking for $400 billion more in revenue. That’s when Boehner says the deal was off the table and he stopped taking the president’s calls for 19 hours.
In the book, Speaker Boehner explains the reaction the move prompted from President Obama.
“He was spewing coals. He was pissed. He wasn't going to get a damn dime more out of me. He knew how far out on a limb I was,” Boehner said.
The president told Woodward he thought it was profoundly irresponsible. You can read more about the behind the scenes budget battle in the "Price Of Politics.”
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
President Barack Obama is planning a major push using executive powers to tackle the pollution blamed for global warming in an effort to make good on promises he made at the start of his second term. "We know we have to do more - and we will do more," Obama said Wednesday in Berlin.