A third option changes the negotiation  —  The conventional wisdom on the fiscal cliff is that there are two options: (1) an Obama-Boehner deal; or (2) no deal, in which case there is no legislation before the end of the year and we “go off the fiscal cliff.”

For immediate release  —  Information received since the Federal Open Market Committee met in October suggests that economic activity and employment have continued to expand at a moderate pace in recent months, apart from weather-related disruptions.  Although the unemployment rate …

Do We Really Have to Condemn the Union Protestor Who Punched Fox News Comedian Steven Crowder?  —  Good, serious progressives are supposed to condemn violence as a political tactic, because it's wrong and in many cases counterproductive.  But do we really need to condemn the union protestor …

Barbara Walters' 2012 “Most Fascinating People”  —  Barbara tells “GMA” how she came up with this year's list.  —  Transcript for Barbara Walters' 2012 “Most Fascinating People”  —  Her husband wants her to.  But she's not sure.  Another person a lot of people talk about for running in 2016 …

The Republican Bait-and-Switch  —  Michigan Governor Rick Snyder opens the Detroit Regional Chamber 2012 Mackinac Policy Conference.  —  One striking thing about Governor Rick Snyder's successful push for a right-to-work law in Michigan—and Scott Walker's similar push against public employee unions …

GOV'T ARRESTS ILLEGAL IMMIGRANT SENATE INTERN  —  WASHINGTON (AP) — U.S. Sen. Robert Menendez employed as an unpaid intern in his Senate office an illegal immigrant who was a registered sex offender, now under arrest by immigration authorities, The Associated Press has learned.

The Political Advantages of Not Caring  —  Near the end of a column on the Michigan “right-to-work” coup, Jonathan Chait offers an important insight on why Republicans are willing and able to pull these sort of stunts: … It's kind of important to understand that this total hostility to the labor movement …

Lie of the Year: the Romney campaign's ad on Jeeps made in China  —  It was a lie told in the critical state of Ohio in the final days of a close campaign — that Jeep was moving its U.S. production to China.  It originated with a conservative blogger, who twisted an accurate news story into a falsehood.

Rep. Jim Moran's Son Guilty of Beating Up His Girlfriend in Columbia Heights  —  Update, 4:30 p.m.: Rep. Moran says his son's incident was an accident, and Patrick Moran's girlfriend blames her injuries on a broken high heel.  —  Patrick Moran, the son of Democratic Virginia Rep. Jim Moran, is having a bad year.

Lindsey Graham Compares Marriage Equality Debate To The Civil War  —  Sen. Lindsey Graham (R-SC) waffled on his same-sex marriage stance Tuesday night, telling CNN's Piers Morgan he thinks states should have the right to decide marriage rights.  —  This is a departure from Graham's longstanding commitment …

Time and Punishment: Mandatory Sentences Face Growing Skepticism  —  TALLAHASSEE, Fla. — Stephanie George and Judge Roger Vinson had quite different opinions about the lockbox seized by the police from her home in Pensacola.  She insisted she had no idea that a former boyfriend had hidden it in her attic.

The Hispanic Challenge and Opportunity for Republicans  —  Resurgent Republic and the Hispanic Leadership Network jointly surveyed Hispanics who voted in the 2012 Presidential election in four critical states: Florida, Colorado, Nevada, and New Mexico.  The results make clear the size …

Sarah Palin's Son Headed for Divorce Court  —  Son Headed for  —  DIVORCE COURT  —  EXCLUSIVE  —  Sarah Palin's oldest son has pulled the trigger on his marriage by filing for divorce ... TMZ has learned.  —  Track Palin and his wife, Britta, jointly filed divorce docs in an Alaskan court.

Powerful committee seats rewarded to Dems who survived tough races  —  Politics played a powerful role in Senate Democrats' committee assignments, announced on Wednesday, with many of the Sens.-elect who survived tough races given plum spots in powerful committees as a reward.

Joe L. Allbritton dies at 87  —  Joe L. Allbritton, who vaulted from modest means as a young man in post-World War II Texas to become one of the most influential media and financial figures of his generation, died Wednesday in Houston after several months of ill health.  He was 87.