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Keyword: catfoodcommittee

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  • Defense secretary Panetta blasts defense budget cuts in visit to ship off California coast

    03/31/2012 7:01:02 AM PDT · by Doogle · 27 replies
    FOXNEWS ^ | 03/31/12 | AP via FOX
    ABOARD THE USS PELELIU – Defense Secretary Leon Panetta told Marines and sailors on Friday that Congress would be irresponsible if it doesn't act to prevent drastic military budget cuts. In a visit to this amphibious assault ship off the Southern California coast, he also said Afghanistan is making progress against the Taliban but Iran remains a potential threat to the U.S. A budget agreement reached last August calls for defense cuts of $487 billion over a decade, a reflection of the drawdown of two wars in Iraq and Afghanistan and the pressure to reduce the nation's deficit. The failure...
  • Aides: 'Super Committee' likely to announce failure to reach debt deal

    11/20/2011 8:29:49 AM PST · by Sub-Driver · 37 replies
    Aides: 'Super Committee' likely to announce failure to reach debt deal By Lisa Desjardins and Kate Bolduan, CNN Washington (CNN) -- Members of the "super committee" charged with coming up with $1.2 trillion in budget cuts are focused on how to announce failure to reach a deal, Democratic and Republican aides confirmed to CNN Sunday. While aides said no final decision had been made, they acknowledged that -- barring an unforeseen development -- an announcement of no deal is the most likely scenario. Talks on trying to reach a deficit reduction agreement are essentially over and discussions are focused on...
  • Supercommittee failure could trigger US credit downgrade, economists warn

    11/18/2011 6:17:19 PM PST · by ColdOne · 25 replies
    guardian.uk.co ^ | 11/18/11 | Dominic Rushe
    Economists are warning of dire consequences if US politicians fail to make progress this weekend in tense talks aimed at reducing America's massive deficit ahead of a Wednesday deadline. The bi-partisan congressional super-committee is charged with drawing up plans for a $1.2tn reduction in the nation's deficit by the middle of next week. Failure to do so will trigger an automatic "sequester" that will make cuts of that size to defence and social welfare programmes starting in 2013. But the two sides seem far from finding a solution after clashing over tax revenues.
  • Panel seeks way to reach a deal on tax increase

    11/14/2011 5:17:52 AM PST · by upchuck · 9 replies
    NY Slimes via MercuryNews ^ | September 13, 2011 | Robert Pear
    With a little over a week left to reach a deal, members of the congressional deficit reduction panel are looking for an escape hatch that would let them strike an accord on revenue levels but delay until next year tough decisions about exactly how to raise taxes. Under this approach, the panel would decide on the amount of new revenue to be raised but would leave it to the tax-writing committees of Congress to fill in details next year, well beyond the Nov. 23 deadline for the panel itself to reach an agreement. That would put off painful political decisions...
  • Deficit 'super committee' may put off decisions

    11/12/2011 12:31:29 PM PST · by Hojczyk · 22 replies
    Los Angeles Times ^ | November 11,2011 | Lisa Mascaro
    Rather than risk stark failure, the congressional panel could decide now on only the outline of a deal, deferring the tougher calls until after the 2012 election. Some Republican leaders believe the White House would prefer to see the committee fail so that Obama could continue to run against a "do-nothing Congress." "It does raise your suspicion," said Sen. Mitch McConnell of Kentucky, the Republican leader. "If the joint committee succeeds, it steps on the story line that they've been peddling, which is that you can't do anything with the Republicans in Congress." Democrats have their own suspicions — that...
  • Report: Democrats walk away from Super Committee? Dem Rep: 'I hope they can’t make a deal'

    11/09/2011 3:25:24 PM PST · by SeekAndFind · 25 replies
    Hotair ^ | 11/09/2011 | Allahpundit
    So says Rand Paul to Hannity. Rich Lowry’s hearing the same thing: Democrats last night rejected a framework for compromise that would have included significant new revenues. They had sounded amenable to the possible deal, but their position suddenly hardened after going back to their caucus. It is almost surely an indication that they want to do everything they can to validate President Obama’s line of attack on a “do nothing” Congress. Sen. Pat Toomey had worked out a framework that he considered pro-growth and a reasonable first step toward fiscal restraint, while making a major concession to Democrats on...
  • Republicans put revenue in the mix

    11/09/2011 12:00:01 AM PST · by Redcloak · 31 replies
    Politico ^ | 11/7/11 11:39 PM EST | JAKE SHERMAN & SEUNG MIN KIM
    A remarkable thing has happened on the way to the supercommittee deadline: Republicans are beating the “we-want-more-revenue” drum. No, congressional Republicans haven’t taken up the mantle of tax increases, but as the Joint Select Committee on Deficit Reduction lurches toward its Nov. 23 deadline to cut $1.2 trillion from the nation’s deficit, GOP lawmakers are talking a lot about how to raise revenue and still stick to their no-tax-increase pledge.
  • Boehner on supercommittee: Tax increases are out, revenues could be in

    11/04/2011 2:22:06 AM PDT · by markomalley · 69 replies
    The Hill ^ | 11/03/11 | Russell Berman
    House Speaker John Boehner (R-Ohio) made clear on Thursday that when it comes to a deficit reduction deal, his position hasn’t changed: Tax increases are out, but new revenues could be in. The question of taxes and revenue has bedeviled congressional and administration negotiators for months, and they were at the center of the dispute between Boehner and President Obama when their talks for a possible “grand bargain” on the budget fell apart over the summer. As the clock ticks down on the deficit supercommittee to find at least $1.2 trillion in savings, the size and scope of new revenues...
  • GOP rejects Dems' super committee offer; talks 'deadlocked' over taxes

    10/26/2011 2:37:13 PM PDT · by mdittmar · 17 replies
    CNN ^ | October 26, 2011 | Kate Bolduan, Deirdre Walsh and Ted Barrett
    Washington (CNN) -- Democrats on the debt-reduction super committee proposed a plan for slashing up to $3 trillion from the federal debt but Republicans swiftly and decisively rejected it because it relied heavily on tax increases, according to several congressional sources from both parties. One top Republican aide described the Democratic offer, made in a closed meeting Tuesday, as "outrageously absurd" and a "non-starter," and a sign the super committee may ultimately fail. But this is the first time in the months since the committee began its negotiations that any group on the panel has offered a specific plan.Democratic sources...
  • Supercommittee Dems push for stimulus to be part of deficit deal

    10/26/2011 4:31:00 PM PDT · by maggief · 28 replies
    The HIll ^ | October 26, 2011 | Erik Wasson
    Democrats on the congressional supercommittee this week presented Republicans with a plan to cut the deficit that included billions of dollars in stimulus spending, aides told The Hill. In a private meeting of the deficit panel Tuesday, Sen. Max Baucus (D-Mont.), chairman of the Senate Finance Committee, presented a proposal backed by a majority of Democrats on the panel that includes more than a trillion dollars in tax increases. The revenue would partially cover stimulus spending for the economy, aides said. More than 50 percent of the deficit reduction in the plan would come from tax increases, one source said....
  • Monster Prediction From BofA: Another US Debt Downgrade Is Coming In Just A Few Weeks

    10/22/2011 9:17:42 AM PDT · by TigerLikesRooster · 19 replies
    Business Insider ^ | 10/22/11 | Joe Weisenthal
    Monster Prediction From BofA: Another US Debt Downgrade Is Coming In Just A Few Weeks Joe Weisenthal | Oct. 22, 2011, 7:04 AM | 4,055 | 48 In an analyst note, Bofa/ML Ethan S. Harris drops a bit of a bombshell prediction: We expect a moderate slowdown in the beginning of next year, as two small policy shocks—another debt downgrade and fiscal tightening—hit the economy. The “not-so-super” Deficit Commission is very unlikely to come up with a credible deficit-reduction plan. The committee is more divided than the overall Congress. Since the fall-back plan is sharp cuts in discretionary spending, the...
  • Pelosi Left Out of Leaders Meeting on Super Committee

    10/14/2011 3:59:19 PM PDT · by Kaslin · 30 replies
    Roll Call ^ | October 14, 2011 | Meredith Shiner
    Congressional leaders met this week with two of the most important people in Washington: the co-chairmen of the Joint Committee for Deficit Reduction. There was only one problem: House Minority Leader Nancy Pelosi didn’t even know the meeting was taking place. With work on the all-important super committee finally kicking into high gear, panel co-chairmen Sen. Patty Murray (D-Wash.) and Rep. Jeb Hensarling (R-Texas) met with Senate Majority Leader Harry Reid (D-Nev.), Speaker John Boehner (R-Ohio) and Senate Minority Whip Jon Kyl (R-Ariz.) in the leadership suite of Senate Minority Leader Mitch McConnell (R-Ky.). Kyl is also member of the...
  • Jon Kyl: I’d quit supercommittee over defense cuts

    09/08/2011 12:50:31 PM PDT · by La Enchiladita · 44 replies
    Politico ^ | Sept. 8, 2011 | Charles Hoskinson
    They’ve only met once, but Sen. Jon Kyl is already threatening to quit the deficit busting supercommittee if the panel pushes more defense cuts. “I’m off the committee” if there are deeper cuts to the military, Kyl warned at a forum sponsored by several conservative think tanks, including AEI, the Foreign Policy Institute, and the Heritage Foundation. ...Kyl and others are also deeply worried about the so-called “trigger” in the debt-limit law passed last month. If the supercommittee fails to reach between $1.2 trillion and $1.5 trillion in spending cuts, there will be automatic cuts in defense spending and Medicare....
  • Six Reasons the Supercommittee Will Succeed

    09/04/2011 4:13:26 PM PDT · by SeekAndFind · 33 replies
    Real Clear Politics ^ | 09/03/2011 | Paul Weinstein
    Whatever you think of Standard and Poor’s decision to downgrade America’s credit, their justification was fairly plain. Political gridlock has managed to scuttle several successive efforts to get a handle on the federal debt. And few, if anyone, is sanguine that the new “supercommittee” in Congress will have any better luck. But a closer look reveals that, despite the nation’s pessimism, there are several reasons to believe that the 12-member supercommittee may be able to implement a plan that sets the nation back on track. The setup has been rigged to force a deal. So, in an age where “shorting”...
  • ‘Super committee’ Republican: Simplify taxes (Toomey: Don't tax, don't spend)

    08/20/2011 6:51:57 PM PDT · by TigerLikesRooster · 46 replies
    Market Watch ^ | 08/20/11 | Robert Schroeder
    Aug. 20, 2011, 2:50 p.m. EDT ‘Super committee’ Republican: Simplify taxes More spending ‘very bad idea,’ tea-party favorite Sen. Toomey says By Robert Schroeder, MarketWatch WASHINGTON (MarketWatch) — The 12-member “super committee” tasked with cutting the U.S. budget deficit has a “great opportunity” to simplify the tax code, Sen. Pat Toomey says. What it won’t do, if the Pennsylvania Republican gets his way, is spend any government money in an attempt to boost economic growth. Spending, the former Club for Growth president said in a phone interview with MarketWatch, is “an artificial way that the government tries to conjure up...
  • Wall Street Is Biggest Donor to Deficit Panel Members

    08/17/2011 7:27:26 PM PDT · by Fred · 10 replies
    Who's been cozying up to the members of the new Congressional super committee? With the committee set to decide on a whopping $1.5 trillion in federal deficit reduction this fall, lobbyists and corporations are trying to figure out which industries are best connected to the 12 members of the new panel. You can bet that those connections will be pressed to the limit in coming months as companies and sectors scramble to ensure that federal spending they like and tax breaks they depend on aren't slated for elimination. As it looks at the new committee members, Wall Street may like...
  • Together We Can Beat the Deficit [By PATTY MURRAY, MAX BAUCUS AND JOHN KERRY...........]

    08/17/2011 2:46:47 PM PDT · by Sub-Driver · 61 replies
    Together We Can Beat the Deficit We did it in the 1990s and we can do it again today. By PATTY MURRAY, MAX BAUCUS AND JOHN KERRY Our country has long been a beacon of light in the world because the American people always come together when times are tough. Over the past few months, in debating the debt ceiling and deficit reduction, that light of common cause has appeared to flicker at times in our nation's capital. As appointees to the Joint Select Committee on Deficit Reduction—12 members of Congress charged with finding $1.5 trillion in deficit reduction over...
  • Obama may run Truman-style 2012 campaign

    08/16/2011 5:42:17 AM PDT · by markomalley · 35 replies
    Daily Caller ^ | 08/16/2011 | Neil Munro
    President Barack Obama is eyeing a 2012 campaign modeled on President Harry Truman’s 1948 successful re-election campaign against Congress. First, however, the White House will send to Capitol Hill an assortment of ‘economy-boosting’ legislation in a package that may include a major overhaul of the tax code. “I’ll be putting forward, when they come back in September, a very specific plan to boost the economy, to create jobs, and to control our deficit,” Obama told a friendly audience at a Decorah, Minnesota campaign-event on Monday. “My attitude is, get it done … [but] if they don’t get it done, then...
  • (D-CA) Becerra fundraiser touts super committee nod

    08/12/2011 2:07:39 AM PDT · by markomalley · 2 replies
    POLITICO ^ | 8/11/11 | ANNA PALMER
    Rep. Xavier Becerra — or, to be more precise, lobbyists working on his behalf — wasted no time Thursday capitalizing on the California congressman’s appointment to the congressional super committee. A little over two hours after Becerra was named to the powerful panel, Investment Company Institute’s Jim Hart sent out an email encouraging attendance for the trade group’s upcoming $1,500 per person fundraiser based on Becerra’s new found status as one of the elite 12. “We will host an event for Congressman Xavier Becerra, not only Vice Chairman of the Democratic Caucus but also who has just been named to...
  • Several Democrats wasting no time abusing their super committee appointments

    08/11/2011 8:47:49 PM PDT · by Nachum · 17 replies
    Daily Caller ^ | 8/11/11 | Amanda Carey
    Some Democratic members of the Joint Select Committee on Deficit Reduction, tasked with identifying $1.5 trillion in spending cuts, have become the subject of criticism, but their appointments were only finalized Thursday. Sen. Patty Murray of Washington, and Reps. James Clyburn of South Carolina and Xavier Becerra of California are already being targeted for circumstances that could compromise their abilities to negotiate. Becerra, for example, wasted no time before using his appointment as a fundraising tool for his own campaign.
  • FACTBOX-Top campaign donors to U.S. super committee members

    08/11/2011 10:52:27 PM PDT · by Fred · 6 replies
    Reuters ^ | 081111 | Reuters
    WASHINGTON, Aug 11 (Reuters) - Here is a look at some of the top donors to election campaigns for the 12 members of the U.S. Congress named to a deficit-fighting "super committee." Known as the Joint Select Committee on Deficit Reduction, the panel is expected to be the most heavily lobbied body in Washington ahead of its Nov. 23 deadline for making recommendations on $1.5 trillion in additional budget savings. Unless specified, donations below combine members' campaign committees and leadership PACs (political action committees). Data is from www.opensecrets.org. SENATE DEMOCRATS Patty Murray of Washington state * Software giant Microsoft Corp...
  • Special interests gave millions to budget panel

    08/11/2011 2:29:18 PM PDT · by SmithL · 9 replies
    AP via SFGate ^ | 8/11/11 | JACK GILLUM, Associated Press
    The 12 lawmakers appointed to a new congressional supercommittee charged with tackling the nation's fiscal problems have received millions in contributions from special interests with a direct stake in potential cuts to federal programs, an Associated Press review of federal campaign data has found. The newly appointed members — six Democrats and six Republicans — have received more than $3 million total during the past five years in donations from political committees with ties to defense contractors, health care providers and labor unions. That money went to their re-election campaigns, according to AP's review. Supporters say the lawmakers were picked...
  • Key Republican on New Deficit Panel, Rep. Dave Camp, Won't Rule Out Tax Increases

    08/11/2011 10:14:35 AM PDT · by GreaterSwiss · 101 replies
    CNBC.COM ^ | 8/11/2011
    Key Republican on New Deficit Panel, Rep. Dave Camp, Won't Rule Out Tax Increases CNBC.com breaking headline
  • McConnell Appoints Kyl, Toomey, Portman, to Joint Select Committee on Deficit Reduction

    08/10/2011 8:47:50 AM PDT · by SeekAndFind · 106 replies
    LOUISVILLE, KY – U.S. Senate Republican Leader Mitch McConnell Wednesday announced his appointments to the 12-member Joint Select Committee on Deficit Reduction tasked with reducing the deficit by $1.5 trillion more than the cuts already identified in the Budget Control Act. McConnell appointed Sens. Jon Kyl (R-Ariz.), Pat Toomey (R-Pa.), and Rob Portman (R-Ohio). “Chronic joblessness, out-of-control deficits and debt, and an unprecedented credit downgrade represent an historic challenge but also an historic opportunity for lawmakers in Washington to show they can work together on a plan that puts America back on the path to prosperity. All three of these...
  • Speaker Boehner Announces Appointments to Joint Select Committee on Deficit Reduction

    08/10/2011 8:50:40 AM PDT · by SeekAndFind · 214 replies
    Speaker Boehner Announces Appointments to Joint Select Committee on Deficit Reduction Washington (Aug 10) House Speaker John Boehner (R-OH) today announced his intent to appoint the following three lawmakers to represent House Republicans on the Joint Select Committee on Deficit Reduction: House Republican Conference Chairman Jeb Hensarling (R-TX) House Ways & Means Committee Chairman Dave Camp (R-MI) House Energy & Commerce Committee Chairman Fred Upton (R-MI) Speaker Boehner has tapped Chairman Hensarling to serve as a co-chair of the joint select committee. Boehner issued the following statement regarding the appointments of Chairmen Hensarling, Camp, and Upton: “Our debt and deficits...
  • Harry Reid super-committee picks in place (A known liar/perjurer, an anti-war Socialist...)

    08/10/2011 7:24:40 AM PDT · by yoe · 42 replies
    Politico ^ | August 10, 2011 | MANU RAJU & JOHN BRESNAHAN
    n the first of what will be a closely watched selection process for a powerful new deficit panel, Senate Majority Leader Harry Reid announced he will appoint Democratic Sens. Patty Murray (Wash.), Max Baucus (Mont.) and John Kerry (Mass.) as his three choices for a super committee charged with finding more than $1 trillion in spending cuts by the end of this year. Murray will serve as co-chair of the 12-member panel. Speaker John Boehner (R-Ohio) will select her co-chair and two other panelists, as required by the debt limit agreement signed into law by President Barack Obama last week....
  • Dem official: Murray to be debt panel co-chair

    08/09/2011 6:50:04 PM PDT · by Free ThinkerNY · 39 replies · 1+ views
    Associated Press ^ | August 8, 2011 | ANDREW TAYLOR
    WASHINGTON (AP) -- Senate Majority Leader Harry Reid announced Tuesday he's naming Sen. Patty Murray to co-chair a powerful "super committee" charged with finding more than $1 trillion in deficit cuts this fall. Murray will be joined by Sens. John Kerry, D-Mass., and Max Baucus, D-Mont., on the panel, which was established last week by hard-fought legislation to increase the national debt.
  • Source: Democrats Murray, Baucus, Kerry on Super Committee

    08/09/2011 2:50:06 PM PDT · by clove · 155 replies
    National Journal ^ | August 9, 2011 | 5:28 p.m. | Susan Davis
    Senate Majority Leader Harry Reid, D-Nev., will appoint Democratic Sens. Patty Murray of Washington, Max Baucus of Montana, and John Kerry of Massachusetts to the new super committee tasked with finding $1.2 trillion in additional deficit reduction by November 23, according to a senior Democratic aide familiar with Reid’s decision, which is expected to be made public as early as Wednesday. Additionally, Murray is expected to co-chair the committee, officially named the Joint Select Committee on Deficit Reduction, along with a still unnamed House Republican. A spokesman for Reid did not respond to a request for comment. Reid’s decision to...
  • Reid names Murray to be debt panel co-chair

    08/09/2011 5:58:41 PM PDT · by Bean Counter · 27 replies · 1+ views
    The Columbian ^ | 8/9/2011 | Andrew Taylor
    Senate Majority Leader Harry Reid announced Tuesday he's naming Sen. Patty Murray to co-chair a powerful "super committee" charged with finding more than $1 trillion in deficit cuts this fall. Murray will be joined by Sens. John Kerry, D-Mass., and Max Baucus, D-Mont., on the panel, which was established last week by hard-fought legislation to increase the national debt. Murray, who is chairwoman of the committee to elect Democratic senators, is a longtime protector of Democratic priorities such as Medicare, Social Security and veterans' benefits, as are Kerry and Baucus. Reid, D-Nev., said in a statement that Murray has "a...
  • Harry Reid super committee picks in place [plus speculation on other picks]

    08/09/2011 5:33:46 PM PDT · by Hawk720 · 20 replies
    Politico ^ | 08/09/2011 | MANU RAJU & JOHN BRESNAHAN |
    From page 3: For McConnell, Senate Minority Whip Jon Kyl (R-Ariz.) is widely expected to get the nod, given his conservative credentials, ties to McConnell and his work in the Biden group. But if Republicans stay united, they’d need one additional Democrat to break ranks and back a cuts-only approach - so McConnell may want to choose a senator with bipartisan appeal who is loyal to leadership, like either Sen. Lamar Alexander (R-Tenn.) or Sen. Rob Portman (R-Ohio). At a townhall in Winchester, Ky. on Monday, McConnell told a crowd that he wanted “significant entitlement reform” to be part of...
  • Paul Ryan: Deficit committee unlikely to achieve anything remarkable

    08/07/2011 6:57:26 PM PDT · by SeekAndFind · 22 replies
    Hotair ^ | 08/07/2011 | Tina Korbe
    Not that my hopes as to what the Super Committee would accomplish were ever that high, but it still hurts to hear one of my congressional heroes call out the improbability of any meaningful accomplishment emerging from the work of the joint committee. The Wall Street Journal reports: House Budget Committee Chairman Paul Ryan (R., Wis.), a top choice among Republicans for a deficit-cutting super-committee formed last week, on Sunday sought to tamp down expectations for the panel.“I don’t think a grand bargain is going to come out of this,” Mr. Ryan said on Fox News Sunday. He said that...
  • Ryan Downplays Prospects of New Deficit Committee

    08/07/2011 12:08:02 PM PDT · by americanophile · 8 replies
    Wall Street Journal ^ | August 7, 2011 | Siobhan Hughes
    House Budget Committee Chairman Paul Ryan (R., Wis.), a top choice among Republicans for a deficit-cutting super-committee formed last week, on Sunday sought to tamp down expectations for the panel. “I don’t think a grand bargain is going to come out of this,” Mr. Ryan said on Fox News Sunday. He said that any deal for more than the $1.5 trillion in deficit-reduction over 10 years that the committee is charged with finding would depend on whether Democrats were willing to agree to overhaul entitlement programs. “I don’t see any agreement from the other side getting anywhere close to doing...