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The Price of Politics

The Price of Politics

  • bestseller
See how and why Washington is not functioning in Bob Woodward’s freshly reported, thirty-five-page Afterword to his national bestseller, The Price of Politics, which provides a detailed, often verbatim account of what happened in the dramatic “fiscal cliff” face-off at the end of 2012 between President Obama and the Republicans.

Now it’s happening again. In fall 2013, Washington faces a new round of budget and fiscal wars that could derail the American and global economies.

“We are primarily a blocking majority,” said Michael Sommers, Speaker John Boehner’s chief of staff, summarizing the House Republican position.

It was the land of no-compromise: On health care cuts over ten years, Boehner suggested to Obama, you are $400 billion, I’m at $600 billion. “Can we split the difference here? Can we land at $500 billion?” “Four hundred billion is it,” Obama replied. “I just can’t see how we go any further on that.”

After making $120 billion in other concessions, Obama pleaded with Boehner, “What is it about the politics?” “My guys just aren’t there,” Boehner replied. “We are $150 billion off, man. I don’t get it. There’s something I don’t get.”

The Price of Politics chronicles the inside story of how President Obama and the US Congress tried, and failed, to restore the American economy and set it on a course to fiscal stability. Woodward pierces the secretive world of Washington policymaking once again, with a close-up story crafted from meeting notes, documents, working papers, and interviews with key players, including President Obama and House Speaker John Boehner. Woodward lays bare the broken relationship between President Obama and the Congress.
  • Simon & Schuster | 
  • 448 pages | 
  • ISBN 9781451651126 | 
  • September 2012
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Bob Woodward on the Economic Crisis

Woodward weighs in on President Obama as Commander-in-Chief and the Afghanistan War.

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About the Author

Bob Woodward
© Lisa Berg

Bob Woodward

Bob Woodward is an associate editor at The Washington Post, where he has worked for forty-one years. He has shared in two Pulitzer Prizes, first for The Washington Post’s coverage of the Watergate scandal, and later for coverage of the 9/11 terrorist attacks. He has authored or coauthored twelve #1 national nonfiction bestsellers. He has two daughters, Tali and Diana, and lives in Washington, DC, with his wife, writer Elsa Walsh.

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