Supercommittee on the Edge of a Cliff? Talks Reach Tense Moment

With just two weeks until its deadline to reach agreement on cutting $1.2 trillion to $1.5 trillion from the federal deficit over the next 10 years, the Joint Select Committee on Deficit Reduction today reached a tense and prickly moment. The so-called supercommittee's 12 members last met for a full meeting more than a week ago. There are currently no additional meetings scheduled, and one Republican aide described the situation as the critical moment right before negotiations could...Full Story
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