WASHINGTON (AP) — Digging in for a bruising struggle, Republicans on Congress' powerful deficit-fighting "supercommittee" targeted Social Security and government health care spending Tuesday while Democrats pressed for higher tax revenue as part of any deal to reduce red ink by at least $1.2 trillion over the next decade.
There were no ultimatums from either side, and there was even a fleeting suggestion that tax reform might eventually clear the way for the bipartisan agreement that both sides say they want.
Yet with the Census Bureau reporting national poverty at a 28-year high and partisan struggles flaring elsewhere in Congress, the events underscored the challenge the 12-member panel faces as it gropes for a deal that can clear Congress and win President Barack Obama's signature by year's end.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
