The Republican Party dropped the ball in the two decades following Ronald Reagan's presidency, according to GOP chairman Michael Steele.

<>"We screwed up," he wrote in his upcoming book Right Now: A 12-Step Program for Defeating the Obama Agenda. "We must support Republican officials who assert these principles. When elected Republicans vote against Republican principles, the voters mus... READ MORE

Michael Steele, the newly elected chairman of the Republican National Committee, spoke with Fox News' Sean Hannity shortly after President Obama's congressional address.

Steele acknowledged that the GOP "lost its way" in recent years but stated that the party is returning to fiscal responsibility.

Watch his response below:

<>For information on how to bring Michael... READ MORE

In one of his first interviews as Chairman of the Republican National Committee, newly elected Michael Steele sat down with CNN's Wolff Blitzer to lay out his vision for the GOP. While acknowledging the party's current struggles, Steele vowed to return the party to a position of both power and relevance.

<>"Within the party there are those who don't want to let go of status quo," Steele... READ MORE