Monday, November 20, 2017
News: Page (1) of 1 - 10/09/11 Email this story to a friend. email article Print this page (Article printing at page facebook
Deficit 'supercommittee' struggles as clock ticks
Deficit 'supercommittee' struggles over revenues and familiar partisan impasse as clock ticks
By The Associated Press

WASHINGTON (AP) ' The supercommittee is struggling.

After weeks of secret meetings, the 12-member deficit-cutting panel established under last summer's budget and debt deal appears no closer to a breakthrough than when talks began.

The panel members aren't doing much talking, but other lawmakers, aides and lobbyists closely following the group are increasingly skeptical, even pessimistic, that it will be able to meet its assigned goal of at least $1.2 trillion in deficit savings over the next 10 years.

It's all because of a familiar impasse.

Democrats won't go for an agreement that doesn't include lots of new tax revenue; Republicans are just as ardently anti-tax. The impasse almost certainly means that Democrats won't agree to cost curbs on popular entitlement programs like Medicare.

Page: 1


Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines