Tags: Barack Obama | Economic- Crisis | Obama | supercommittee | White | House

White House Steels for Supercommittee Failure

Wednesday, 16 Nov 2011 09:34 AM

In private, Obama administration officials voice skepticism that the 12-member supercommittee will find a way to cut $1.2 trillion from the deficit by its Thanksgiving deadline. Publicly, they strain to project an optimistic view, The Washington Post reports.

“I don’t think it makes sense to anticipate their failure,” White House Office of Management and Budget Director Jack Lew told the Post. “I think it’s important that they succeed. The president made that clear in the calls he made on Friday.”

President Barack Obama placed calls to Democratic and Republican leaders of the panel while onboard Air Force One heading to Hawaii and Asia. So far, Obama has mostly adopted a hands-off approach to the negotiations for fear of alienating Republicans.

“He doesn’t want to do anything that would detract from getting the votes,” former House Minority Leader Dick Gephardt told the Post. “If they don’t do anything, then I think the president will try to enter more forcefully.”

The debt panel faces two deadlines: First, it must reach a deal by Nov. 23; then, the deal goes to Congress, which has until Dec. 23 to pass it.

Automatic budget cuts would go into effect if Congress failed to pass the proposal.


© 2015 Newsmax. All rights reserved.

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

Snowstorm Threatens to Paralyze Northeast for Days

Monday, 26 Jan 2015 18:12 PM

Tens of millions of people along the Philadelphia-to-Boston corridor rushed to get home and settle in Monday as a fearso . . .

Sen. Ayotte: Trading Terrorists for Citizens Sets Bad Precedent

Monday, 26 Jan 2015 22:23 PM

Sen. Kelly Ayotte told Fox News she is glad Rep. Duncan Hunter is asking questions about the timing of the release of an . . .

CIA Officer Convicted of Leaking Secrets to NYT's James Risen

Monday, 26 Jan 2015 16:01 PM

A former CIA officer was convicted Monday of leaking details of a covert mission to derail Iran's nuclear program in a c . . .

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