WASHINGTON — Even as a recent good-faith swap of offers showed a narrowing of differences over taxes, a special deficit-cutting “supercommittee” seems to have hit a major snag just two weeks before its deadline. The two sides can’t even agree on who should make the next move after an exchange of plans Monday night in which Democrats scaled back their demands on taxes even as Republicans for the first time offered higher tax revenues as part of a plan to cut deficits by $1.5 trillion over the coming decade.
Nov 10 2011 | Posted in
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WASHINGTON (AP) — The special panel’s goal is lofty: concoct a deal both parties will embrace to slash federal deficits by a mammoth $1.5 trillion or more over the next decade.
Aug 3 2011 | Posted in
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WASHINGTON — U.S. lawmakers, facing a potentially calamitous government default in just days, held votes Friday that highlighted their intense partisan divide and did little to end a torturous political standoff. The Republican-led House of Representatives approved a plan to temporarily raise the government’s borrowing authority, knowing it was headed to certain defeat in the Democratic-controlled Senate. Less than two hours later, the Senate voted it down.
Jul 29 2011 | Posted in
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