WASHINGTON (Reuters) – The heads of a U.S. Congress deficit “super committee” said on Wednesday most members were reviewing budget-balancing studies of recent years in a sign the panel was unlikely to try to reinvent the wheel.

“Most of the committee members are reviewing the deficit reduction work that many others have engaged in over the past several years,” said a joint statement from Democratic Senator Patty Murray and Republican Representative Jeb Hensarling.

WASHINGTON (Reuters) – Having said no to taxes for months, Republicans now are saying maybe, in the face of public disgust over a deadlock in the U.S. Congress, a near government default and a worsening global economic crisis.

Prompting some hope for a return to fiscal order are the statements and reputations of some of the six Republicans named this week to join with six Democrats on a special committee to end the standoff over the U.S. deficit.

WASHINGTON (Reuters) – Having said no to taxes for months, Republicans now are saying maybe, in the face of public disgust over a deadlock in the Congress, a near government default and a worsening global economic crisis.

Prompting some hope for a return to fiscal order are the statements and reputations of some of the six Republicans named this week to join with six Democrats on a special committee to end the standoff over the U.S. deficit.

WASHINGTON (Reuters) – A multibillion-dollar gasoline tax to maintain U.S. highways and mass transit will be in jeopardy when Congress resumes in early September in the wake of bruising budget and aviation funding battles.

An 18.4-cents-per-gallon gasoline tax paid by consumers at the pump is set to expire on September 30, but Democrats and Republicans have been unable to advance legislation ensuring a fix.

WASHINGTON (Reuters) – Democrats named three loyal party lieutenants to a deficit reduction “super committee” on Thursday, charting what could be a path to partisan deadlock with all 12 members now appointed.

Representatives Chris Van Hollen, Xavier Becerra and James Clyburn — all veterans drawn from leadership — were appointed by House Democratic Leader Nancy Pelosi.

WASHINGTON, Aug 11 (Reuters) – Democrats named three loyal
party lieutenants to a U.S. deficit reduction “super committee”
on Thursday, charting what could be a path to partisan deadlock
with all 12 members now appointed.

Representatives Chris Van Hollen, Xavier Becerra and James
Clyburn — all veterans drawn from leadership — were appointed
by House Democratic Leader Nancy Pelosi.

WASHINGTON, Aug 8 (Reuters) – The U.S. Senate Banking
committee has begun looking into last week’s decision by
Standard and Poor’s to downgrade the U.S. credit rating, a
committee aide told Reuters on Monday.

The aide said the panel was gathering information about the
S&P move but no decision had been made on whether it will hold
hearings into the downgrade.

WASHINGTON (Reuters) – It’s been a long hard struggle, but the Congress finally passed a debt limit increase that also envisions more than $2 trillion in deficit reductions over the next decade. Now the work begins.

Over the next several months, lawmakers and the Obama administration will fight over how to accomplish the biggest chunk of savings — around $1.5 trillion on top of the $917 billion first installment. Experts are uncertain about the exact figure in total savings the package will yield, but the Congressional Budget Office says it will be at least $2.1 trillion.

WASHINGTON (Reuters) – It’s been a long hard struggle, but the U.S. Congress finally passed a debt limit increase that also envisions more than $2 trillion (1.22 trillion pounds) in deficit reductions over the next decade. Now the work begins.

Over the next several months, lawmakers and the Obama administration will fight over how to accomplish the biggest chunk of savings — around $1.5 trillion on top of the $917 billion first instalment. Experts are uncertain about the exact figure in total savings the package will yield, but the Congressional Budget Office says it will be at least $2.1 trillion.

WASHINGTON, Aug 2 (Reuters) – It’s been a long hard
struggle, but the U.S. Congress finally passed a debt limit
increase that also envisions more than $2 trillion in deficit
reductions over the next decade. Now the work begins.

Over the next several months, lawmakers and the Obama
administration will fight over how to accomplish the biggest
chunk of savings — around $1.5 trillion on top of the $917
billion first installment. Experts are uncertain about the
exact figure in total savings the package will yield, but the
Congressional Budget Office says it will be at least $2.1
trillion. [nN1E77111G]