Brian Beutler
Super Committee Democrats and Republicans and the leaders
of both parties will work through the weekend to avoid missing their
fast approaching deadline to cut $1.2 trillion from federal deficits
over the next decade. Though the 12 members officially have until
Wednesday to reach an agreement, the more realistic deadline is Monday evening, by which time they must have word back from CBO about the impact any plan they send to Congress will have on the budget.
Failure is very much an option. And if failure happens, Capitol Hill
politics will take a severe turn heading into the 2012 election.
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