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Nov 2, 2011

Key House Democrat dour on deficit panel success

WASHINGTON (Reuters) – With Republicans and Democrats in a familiar deadlock over taxes, prospects for crafting a deficit reduction deal before a November 23 deadline are poor, a top Democratic lawmaker said on Wednesday.

Congressional leaders are becoming more involved in the high-stakes process, aides said, but so far there were no signs of progress by a special “super committee” of 12 Republican and Democratic lawmakers toward a plan to reduce U.S. budget deficits by at least $1.2 trillion over 10 years.

Nov 1, 2011

Experts warn deficit panel about failure

WASHINGTON (Reuters) – With less than a month to go before a congressional “super committee” must present a plan to slash huge U.S. deficits and no clear solution in sight, deficit experts warned on Tuesday of dire consequences if the panel fails.

“I’m worried you’re going to fail, fail the country,” Erskine Bowles, who was former President Bill Clinton’s chief of staff and who helped lead a deficit-reduction panel last year, bluntly told the committee that is charged with finding at least $1.2 trillion in savings over the next decade.

Oct 27, 2011

US Republicans seek $2.2 trln in deficit cuts

WASHINGTON, Oct 27 (Reuters) – Republicans in the U.S.
Congress are calling for $2.2 trillion in deficit-reduction,
including significant cuts to healthcare programs for the
elderly and poor along with tax changes that they argue would
boost the economy, congressional aides said on Thursday.

The plan offered by Republicans who serve on a
congressional “super committee” tasked with slashing deficits
calls for cuts to the Medicare and Medicaid health programs for
the poor and elderly and other health and welfare programs.

Oct 27, 2011

Republicans seek $2.2 trillion budget savings

WASHINGTON (Reuters) – Republicans in Congress are calling for $2.2 trillion in deficit-reduction cuts, including significant reductions to healthcare programs for the elderly and poor along with tax changes that they argue would boost the economy, congressional aides said on Thursday.

The plan offered by Republicans who serve on a congressional “super committee” tasked with slashing deficits calls for cuts to the Medicare and Medicaid health programs for the poor and elderly and other health and welfare programs.

Oct 27, 2011

US Republicans seek $2.2 trillion budget savings

WASHINGTON, Oct 27 (Reuters) – Republicans in the U.S.
Congress are calling for $2.2 trillion in deficit-reduction
cuts, including significant reductions to healthcare programs
for the elderly and poor along with tax changes that they argue
would boost the economy, congressional aides said on Thursday.

The plan offered by Republicans who serve on a
congressional “super committee” tasked with slashing deficits
calls for cuts to the Medicare and Medicaid health programs for
the poor and elderly and other health and welfare programs.

Oct 26, 2011

Exclusive: Democrats seek up to $3 trillion budget savings

WASHINGTON (Reuters) – Democrats are proposing up to $3 trillion in measures to slash the U.S. budget deficit, including revenue increases and significant cuts to the Medicare health insurance program for the elderly.

The plan was unveiled on Tuesday at a closed-door meeting of a 12-member congressional panel — the so-called “super committee” that is assigned the task of finding at least $1.2 trillion in deficit reduction over 10 years, congressional aides told Reuters.

Oct 21, 2011

Q+A-What happens if U.S. “super committee” fails?

WASHINGTON, Oct 21 (Reuters) – The deadline for the U.S.
congressional “super committee” to produce a deficit-cutting
plan is just a few weeks away with no clear sign the panel will
overcome partisan differences and succeed.

The legislation that established the panel of six Democrats
and six Republicans also put in place an enforcement mechanism
that will trigger automatic cuts if the committee fails to
reach agreement on $1.2 trillion in budget savings over 10
years.

Oct 14, 2011

Obama administration pulls part of healthcare law

WASHINGTON (Reuters) – The Obama administration is pulling the plug on a long-term, home-care program included in the 2010 healthcare reform law that Republicans have derided as a budget trick.

U.S. health officials said on Friday that after 19 months of analysis, they could not come up with a model for the so-called CLASS Act that keeps it voluntary and budget-neutral.

Oct 14, 2011

Chances of U.S. deficit panel success unclear

WASHINGTON, Oct 14 (Reuters) – Whether the special “super
committee” of Congress will succeed in its mission to slash
U.S. deficits is up in the air, a panel member said on Friday,
as some lawmakers tried to fence off large budget items like
defense.

U.S. Representative Chris Van Hollen, a Democratic member
of the special panel, said he was “absolutely convinced” the
six Democrats and six Republicans would try hard to reach
agreement on a plan by its Nov. 23 deadline. The panel has been
asked to find at least $1.2 trillion in savings over 10 years.

Oct 12, 2011

Deficit panel weighs Medicare doctor payments

WASHINGTON (Reuters) – The congressional “super committee” charged with reducing U.S. budget deficits is considering tackling a measure that could make their job even harder by preventing a steep pay cut for Medicare doctors.

The bipartisan panel that has been tasked with finding at least $1.2 trillion in budget savings over 10 years has a “strong interest” in taking up the doctor payment issue, sources familiar with panel discussions said on Wednesday.

    • About Donna

      "Washington congressional correspondent specializing in economics, taxes and budget issues. Covered the healthcare reform legislation and President George W. Bush's push to overhaul Social Security. Also covered the savings and loan crisis and spent time covering the White House during President Bill Clinton's administration. Covered trade and Federal Reserve policy as well."
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