WASHINGTON -- The White House is giving congressional Democrats a stark warning: If they don't accept the tax compromise forged with Republicans, they could possibly throw the economy into a double-dip recession.
"If they don't pass this bill in the next couple of weeks, it would materially increase the risk the economy would stall out and we would have a double dip," White House Economic Adviser Larry Summers said.
Democratic Senate leaders say Congress could start debating the deal as soon as Thursday. The president said debate is good, but he wants to see more than just talk before the end of the lame-duck session.
"The American people are watching and they're...