As Deadline Nears, Debt Reduction Panel Weighs Undoing Its Own Rules
With 10 days left until an automatic trigger for debt reduction, the Super Committee tasked with finding a plan to get rid of $1.2 trillion in impending debt over the next 10 years may have to punt.
Six Democrats and six Republicans appointed to the panel -- itself a source of contention among colleagues and transparency advocates -- have until Nov. 23 to find the balance that will get past Congress by Dec. 23 and onto President Obama's desk. Without a deal by Thanksgiving, automatic across-the-board cuts divided between defense and domestic programs, also known as "sequestration," kick in.
Read more: As Deadline Nears, Debt Reduction Panel Weighs Undoing Its Own Rules | Fox News
What ARE the odds they will undo what they have already promised if no agreement can be made?
With 10 days left until an automatic trigger for debt reduction, the Super Committee tasked with finding a plan to get rid of $1.2 trillion in impending debt over the next 10 years may have to punt.
Six Democrats and six Republicans appointed to the panel -- itself a source of contention among colleagues and transparency advocates -- have until Nov. 23 to find the balance that will get past Congress by Dec. 23 and onto President Obama's desk. Without a deal by Thanksgiving, automatic across-the-board cuts divided between defense and domestic programs, also known as "sequestration," kick in.
Read more: As Deadline Nears, Debt Reduction Panel Weighs Undoing Its Own Rules | Fox News
What ARE the odds they will undo what they have already promised if no agreement can be made?