WASHINGTON — Lawmakers on the deficit-reduction supercommittee acknowledge that they are at a difficult point in negotiations but had not given up reaching an agreement by this month's deadline.
The special congressional committee is tasked with finding at least $1.2 trillion in budget savings over 10 years, but with a Nov. 23 deadline looming, Republicans and Democrats have not yet sealed a deal.
"The clock is running out, but it hasn't run out yet. We still have time, but we have no time to waste," Republican Sen. Patrick Toomey said on "Fox News Sunday."
"It's at a difficult point. I think we've got a ways to go, but I hope we can close that gap very quickly," he said.
House Democrat James Clyburn said that, although he is very hopeful about reaching a deal, "I am not as certain as I was 10 days ago, but I think that we can."
© 2013 Thomson/Reuters. All rights reserved.