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Pentagon made no plan for automatic cuts

Pentagon made no plan for automatic cuts

WASHINGTON, Nov. 23 (UPI) -- U.S. Defense Department officials didn't make any contingency plans in case the threat of $500 billion in automatic cuts came to pass, analysts said.
Obama presses payroll tax holiday

Obama presses payroll tax holiday

MANCHESTER, N.H., Nov. 22 (UPI) -- President Obama Tuesday called on Congress to extend the Social Security payroll tax cut following the supercommittee's failure to whack the U.S. deficit.
No debt deal. Now what?

No debt deal. Now what?

WASHINGTON, Nov. 22 (UPI) -- The administration upped pressure on Congress, unveiling a calculator to show U.S. taxpayers how much money is at stake following the supercommittee's failure.
U.S. markets dive Monday

U.S. markets dive Monday

NEW YORK, Nov. 21 (UPI) -- U.S. markets kicked off the Thanksgiving holiday week with big losses as a panel in Washington failed to come up with a deficit reduction compromise.
Obama says he will veto efforts to undo cuts

Obama says he will veto efforts to undo cuts

WASHINGTON, Nov. 21 (UPI) -- The congressional supercommittee Monday admitted it failed to find a compromise to trim the U.S. budget deficit $1.2 trillion in the next decade.
Gingrich says give janitors' jobs to kids

Gingrich says give janitors' jobs to kids

WASHINGTON, Nov. 21 (UPI) -- GOP U.S. presidential hopeful Newt Gingrich, in a double-barreled blast at unions and child labor laws, said Monday school janitors' jobs should go to kids.
Where is compromise?

Where is compromise?

ZURICH, Switzerland, Nov. 21 (UPI) -- Barring a miracle, the 12-member super committee of the United States Congress seems unlikely to agree a compromise deal this week to reduce the budget deficit.
MARTIN WALKER, UPI Editor Emeritus

Kerry: Leave Obama out of supercommittee

WASHINGTON, Nov. 20 (UPI) -- A ranking Democrat on the congressional supercommittee said there was no need to blame U.S. President Barack Obama for its lack of progress.

Supercommittee member not optimistic

WASHINGTON, Nov. 20 (UPI) -- The Democratic leader on the congressional supercommittee said Sunday the outlook for a bipartisan plan to slash the U.S. debt was gloomy.

Zandi: No deal for supercommittee

WASHINGTON, Nov. 20 (UPI) -- Economist Mark Zandi said Sunday he thinks the congressional supercommittee won't be able to reach a deal to cut the U.S. deficit as this week's deadline looms.
Will the deficit-reduction supercommittee come up with a plan or a plan to put off the plan?

Will the deficit-reduction supercommittee come up with a plan or a plan to put off the plan?

The big question looming over Washington this week is whether the supercommittee will be able to fulfill its mandate to come up with $1.2 trillion in cuts to the budget deficit or whether draconian measures adopted this summer will kick in.
MARCELLA S. KREITER, United Press International

Supercommittee failure likely

WASHINGTON, Nov. 19 (UPI) -- The U.S. congressional supercommittee's likely failure to agree on deficit reduction is likely to set up another fiscal wrangle in Congress, lawmakers say.

GOP 'scaled back' cuts for Dems

WASHINGTON, Nov. 19 (UPI) -- A Republican U.S. senator said Saturday GOP members on the deficit-reduction supercommittee are making huge compromises to reach a deal, but Democrats are not.
Baucus: We need people 'willing to move'

Baucus: We need people 'willing to move'

WASHINGTON, Nov. 18 (UPI) -- Sen. Max Baucus, D-Mont., says the deficit reduction "supercommittee" is unable to come up with a bipartisan plan.
Let the political ad battle begin...

Let the political ad battle begin...

WASHINGTON, Nov. 17 (UPI) -- Ad wars among outside interest groups have begun in several U.S. congressional races -- about a year before Election Day.
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Photos
Supercommittee
The twelve members of the deficit reduction "super committee," seen in these UPI file photos, have all been named on August 11, 2011, in Washington, DC. Top row, L to R are: Sen. Patty Murray, D-WA; Rep. Chris Van Hollen, D-MD; Rep. Fred Upton, R-MI; Rep. Jeb Hensarling, R-TX; Middle Row from, L to R are: Sen. John Kerry, D-MA; Rep. Xavier Becerra, D-CA; Sen. Pat Toomey, R-PA; Rep. David Camp, R-MI; Bottom row, L to R are: Sen. Max Baucus, D-MT; Rep. Jim Clyburn, D-SC; Sen. Rob Portman, R-OH; and Sen. Jon Kyl, R-AZ. UPI
Wiki

The Joint Select Committee on Deficit Reduction,[1] colloquially referred to as the Supercommittee, is a joint select committee of the United States Congress, created by the Budget Control Act of 2011 on August 2, 2011. The act was intended to prevent the rapid process of sovereign default that would have resulted from the 2011 United States debt-ceiling crisis,[2] and has been interpreted as a reaction to frustration over prolonged partisan political disputes during an uncertain economy struggling to recover from the late-2000s recession.[3] On November 21, the committee concluded its work, issuing a statement that began with the following:[4] After months of hard work and intense deliberations, we have come to the conclusion today that it will not be possible to make any bipartisan agreement available to the public before the committee’s deadline. Historical precedents The committee is an unusual construct in the American federal legislative system, created after weeks of difficult negotiations,[5] although it has a partial precedent in the Base Realignment and Closure process.[6][7] Senate historian Donald Ritchie found inexact parallels between the Joint Select Committee and various joint committees, and with the exception of the 1946–1977 Joint Committee on Atomic Energy, he noted that what makes this committee different is its ability to write and report out legislation.[5] [edit]Structure and membership The committee comprises twelve members of Congress, six from the House of Representatives and six from the Senate, with each delegation evenly divided between Democrats and Republicans.[8] Three members each were appointed by the Speaker and Minority Leader of the House and the Majority and Minority Leaders of the Senate.[1][9] Two of the members are designated as co-chairs, one each by the Senate Majority Leader and by the House Speaker.[1] The law does not require that either chair be from a specific house or a specific party. The Los Angeles Times predicted before the committee was constituted that the "most important players" in the process would be the four leaders selecting the twelve committee members.[10] [edit]Members On August 9, Harry Reid, the Senate Majority Leader, announced the Senate's Democratic members of the committee.[11] Speaker John Boehner and Senate Minority Leader Mitch McConnell announced the Republican appointments to the committee from both houses on August 10, 2011.[12] House Minority Leader Nancy Pelosi announced her choices the following day.[13]

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Supercommittee ."
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