The imminent fiscal decision to be made between Election Day and Inauguration over the budget crisis could be a determining factor in the results of the coming election.
and will again debate their visions for the next four years on Tuesday night, and if the campaign so far is any guide, they will not acknowledge that the winner's agenda could depend on the fiscal showdown between Election Day and Inauguration Day.
If Mr. Romney wins, Republicans say they would seek to delay the year-end deadline for a bipartisan deal by up to a year to give him time to flesh out his budget plans and get Democrats to agree. But even if Democrats and the financial markets go along with the delay, the months before Mr. Romney's swearing-in could be as crucial to his presidency as the transition period was for Mr. Obama four years ago, when the economic crisis led him to draft a bigwhile President George W. Bush still occupied the White House.
Mr. Romney's ability to foster cooperation at the outset could determine his success on a range of issues. Yet Democrats have been dismissive, at best, about his budget plans, which have few specifics on how Mr. Romney would reduce deficits. He has mostly spoken about cutting taxes and increasing military spending.