Hensarling Says Prospects for Debt Deal Seem Grim

Sunday, 20 Nov 2011 09:58 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON — Texas Rep. Jeb Hensarling, the Republican co-chairman of Congress's debt supercommittee says chances are slim that the panel can agree on a plan in its "daunting" task to reduce spending by $1.2 trillion over 10 years.

Hensarling said on "Fox News Sunday" today that "nobody wants to give up."

However, he acknowledged, “Reality is — to some extent — starting to overtake hope.”

Hensarling said the 12-member committee, which has not yet been able to reach agreement on $1.2 trillion in budget savings, would work up until its deadline and that there are no plans to announce failure.

Republicans are demanding changes in programs such as Medicare and Medicaid, while Democrats are insisting on tax increases on the wealthy.

Meanwhile, the supercommittee's Democratic co-chairwoman, Sen. Patty Murray of Washington, appealed for "shared sacrifice" during an appearance on CNN's "State of the Union."

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved