As for the supercommittee
Born following years of disarray, defeat and dysfunction, their autumn started with a sense of optimism, the possibility of victory, hope. They pushed it to the brink of success, the final moments. And then the Washington Redskins stumbled badly, losing to the Dallas Cowboys, 27-24, in overtime.
As for the supercommittee...
The deadline for submitting its recommendations to CBO for scoring is still midnight tonight, but the Joint Select Committee on Deficit Reduction appears set to fail in its statutory assignment to reduce the federal deficit by $1.2 trillion over the next decade. Sequestration now follows, maybe.
BRT will be waiting for the official statements about where things stand and what will happen next. For now, here are some of the notable reports commentaries of the last 24 hours.
- CNN, “Aides: 'Super Committee' likely to announce failure to reach debt deal”
- Andrew Stiles, The Corner, “Supercommittee Sunday Roundup”
- Robert Samuelson, Washington Post, “Why there’s a debt stalemate”
- Bloomberg, “US Debt Supercommittee Ready to Announce Failure”
- The Hill, “Deficit supercommittee members expected to announce failure”
- Texas on the Potomac blog, Houston Chronicle, “The Week Ahead: Some progress despite rancor”
- FoxNews.com, “Spain Turns Right, Deals Socialists Historic Defeat”
Finger-pointing to follow -- for both the Redskins and the deficit-reduction committee -- but back-and-forth criticisms can also foster accountability. The season's not over yet.
More On The Issue
Connect with BRT
Latest BRT News
Achieving America's Full Potential
that realizing America’s full potential to create more high-wage jobs for U.S. workers and greater opportunity for middle-class families should be the nation’s top priority. America’s business leaders have identified six priorities for action by Congress and the Administration.