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Nov 17, 2011

Deficit committee locked in budget stalemate

WASHINGTON (Reuters) – Budget talks in the Congress were locked in stalemate on Wednesday amid the disclosure of a Democratic offer last week that drew no Republican interest.

With a deadline less than a week away, members of a 12-member “super committee” tasked with finding $1.2 trillion in budget savings over 10 years confronted the same barriers that have thwarted earlier efforts to rein in the growing national debt, which crossed the $15 trillion mark on Tuesday.

Nov 16, 2011

U.S. deficit committee locked in budget stalemate

WASHINGTON, Nov 16 (Reuters) – Budget talks in Congress
were locked in stalemate on Wednesday as Democrats and
Republicans showed no sign of moving toward a compromise on
taxes and health care.

With a deadline less than a week away, members of a
12-member “super committee” tasked with finding $1.2 trillion
in budget savings confronted the same barriers that have
thwarted earlier efforts to rein in the growing national debt.

Nov 15, 2011

Reid, Boehner huddle on U.S. budget deal

WASHINGTON, Nov 15 (Reuters) – Congressional leaders
huddled on Tuesday to see if a U.S. deficit-cutting deal is
possible as negotiators sought a way to bridge a divide over
tax increases and benefit cuts.

Democrats and Republicans on a 12-member “super committee”
have less than a week to come up with a plan that would cut
$1.2 trillion over 10 years.

Nov 15, 2011

Q+A-How automatic U.S. deficit cuts could be reversed

WASHINGTON, Nov 15 (Reuters) – A Nov. 23 deadline for the
U.S. congressional “super committee” to agree on a plan to cut
the federal deficit is drawing near with no sign of a deal in
sight, raising concerns about what will happen if the panel
fails.

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

Nov 15, 2011

U.S. deficit panel could delay on taxes

WASHINGTON (Reuters) – U.S. lawmakers might opt to postpone tough tax decisions until next year as they struggle to forge a deficit-reduction deal over the coming week, congressional aides said on Monday.

With time running short, the “super committee” of six Democrats and six Republicans could agree to some spending cuts and instruct their fellow lawmakers to raise more tax revenue by retooling the byzantine tax code next year, aides said.

Nov 10, 2011

Analysis: Progress amid the deficit-cut noise

WASHINGTON (Reuters) – Angry words and rejected proposals have been the hallmark lately of deficit-reduction talks in Congress, masking signs that the two sides are starting to move toward a possible compromise.

With time evaporating for a congressional “super committee” to find at least $1.2 trillion in budget savings over 10 years, there are still no guarantees that Republicans and Democrats can agree on a deal by a November 23 deadline.

Nov 8, 2011

New revenues dominate deficit talks

WASHINGTON (Reuters) – Deficit-reduction talks intensified in Congress on Tuesday as lawmakers focused on raising additional tax revenues, but there was no clear sign yet that the negotiations will succeed.

With a 12-member congressional “super committee” racing to meet a fast-approaching November 23 deadline to agree on at least $1.2 trillion in deficit cuts, Republicans put forward a proposal they said was a step toward Democrats’ demands for new revenues.

Nov 7, 2011

Q+A: Spending cuts could be reversed

WASHINGTON (Reuters) – The deadline for the U.S. congressional “super committee” to produce a deficit-cutting plan is fast approaching with no sign of a deal in sight, raising concerns about what will happen if the panel fails.

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

Nov 4, 2011

U.S. deficit-cut deal can include revenues – Boehner

WASHINGTON (Reuters) – The top Republican in the U.S. Congress, John Boehner, on Thursday said some additional revenue could be part of a deficit deal being negotiated by lawmakers, as long as it also includes significant reforms to benefits programs.

But the remarks by House of Representatives Speaker Boehner did not break the impasse over taxes as a congressional “super committee” struggles to reach a consensus on how to cut at least $1.2 trillion from deficits over 10 years.

Nov 3, 2011

Deficit-cut deal can include revenues: Boehner

WASHINGTON (Reuters) – The top Republican in Congress, John Boehner, Thursday said some additional revenue could be part of a deficit deal being negotiated by lawmakers, as long as it also includes significant reforms to benefits programs.

But the remarks by House of Representatives Speaker Boehner did not break the impasse over taxes as a congressional “super committee” struggles to reach a consensus on how to cut at least $1.2 trillion from deficits over 10 years.

    • 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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