Jaime Herra Beutler

$6 Billion Buys Status Quo

Despite $6 billion spent in federal election campaigns, the political landscape in Washington, D.C. remains virtually unchanged — basically the same cast, plot and fiscal cliff.

President Obama's decisive electoral college victory, a fortified Democratic majority in the Senate and a return GOP majority in the House set the stage for a dramatic few weeks before the January 2 deadline when tax cuts expire and drastic spending cuts go into effect. 

The drama may prove anti-climatic, as some observers predict the lame-duck Congress will punt the ball to itself by approving short-term extensions of tax cuts and current spending levels – the equivalent of driving to the cliff, but at a slower speed.

Meanwhile, the election produced some positive outcomes for the Northwest congressional delegation:

  • Senator Patty Murray, D-Wash, who wasn't even on the ballot, may have scored the biggest victory by keeping Senate Democrats in the majority, a prospect that seemed dim just six months ago. Murray will retain her chairmanship of the Senate Transportation and Housing Appropriations Subcommittee and assume the chairmanship of the Senate Budget Committee, both formidable perches to influence economic and job-stimulus policy.

  • Senator Ron Wyden, D-OR, is slated to become chairman of Senate Energy and Natural Resources, the first chair since 1987 from a non-oil producing state. He can be expected to cheerlead for domestic energy production and use, while continuing to oppose exporting liquefied natural gas. Wyden also sits on Senate Finance, which will be involved in federal tax reform, something he has championed.