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Politics Today: CBO's New Economic Predictions, Perry Leads In National GOP Poll, And More

Tracy Bloom |
August 24, 2011 | 12:57 p.m. PDT

Executive Producer

The Congressional Budget Office is predicting that the U.S. will continue to run a large deficit over the next 10 years. However, the deficit will not be as large as previously predicted. The non-partisan CBO also expects economic growth to be modest and unemployment to remain above eight percent over the next few years. The CBO predictions were made in an update to its 10-year budget and economic outlook.

A new national Gallup poll shows Texas Gov. Rick Perry the clear frontrunner in the Republican presidential field. Perry leads the field at 29 percent, well ahead of Mitt Romney, who finished second with 17 percent. Ron Paul was third with 13 percent, while Michele Bachmann was fourth at 10 percent. The nationwide poll is based on responses from Republicans and Republican-leaning Independents.

Rising GOP star Marco Rubio is in California for a three-day swing through the state. On Tuesday, the freshman senator from Florida paid a visit to the Reagan Presidential Library in Simi Valley, where he made his first major speech outside of his home state for a Republican fundraiser.

More from Politico: "The Reagan speech marks the midpoint in a fundraising tour that reveals Rubio, for all his tea-party talk, is a team player. He’s headlining five big-money events in roughly a 60-hour span, benefiting both his own Senate campaign and the National Republican Senatorial Committee, the GOP fundraising arm that initially backed Rubio’s rival, then-Gov. Charlie Crist, in the 2010 primary."

Rubio also came to the aid of former First Lady Nancy Reagan after she almost fell at the event on Tuesday night. Rubio caught the 90-year-old Reagan just before she hit the ground. The entire incident was caught on tape, which you can watch here.

Former Vice President Dick Cheney reveals in his memoir that he had a secret resignation letter during his time as VP. Cheney says only President Bush and one of his staffers knew about the letter, which he says he penned shortly after taking office in case of catastrophic health issues.

“I did it because I was concerned that — for a couple of reasons,’’ he told NBC Newsl. “One was my own health situation. The possibility that I might have a heart attack or a stroke that would be incapacitating. And there is no mechanism for getting rid of a vice president who can’t function.’’

Cheney's book, In My Time, will be released on Tuesday.



Craig Gillespie directed this true story about "the most daring rescue mission in the history of the U.S. Coast Guard.”

Watch USC Annenberg Media's live State of the Union recap and analysis here.