Posts Tagged ‘deficit’
Deficit gridlock looms, supercommittee deadlocked (AP)
AP – Deadline nearing, the deficit-reduction talks in Congress sank toward gridlock Friday after supercommittee Democrats rejected a late Republican offer that included next-to-nothing in new tax revenue. Each side maneuvered to blame the other for a looming stalemate.
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Official: Dems reject latest GOP deficit offer (AP)
AP – A congressional official says Democrats on the deficit-cutting supercommittee have rejected a last-ditch offer from the Republicans that would curb deficits by $545 billion over the next decade.
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Boehner calls GOP deficit plan a ‘fair offer’ (AP)
AP – The top Republican in the House says a recent proposal by GOP members of a special deficit committee is a “fair offer” despite criticism from conservatives who say it breaks the party’s pledge on taxes.
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House GOP leader Cantor says deficit deal likely (AP)
AP – Sidestepping controversy, House Majority Leader Eric Cantor, R-Va., declined to take sides Monday on a proposal for higher tax revenues backed by fellow Republicans on Congress’ supercommittee, yet expressed confidence the panel would agree on a deficit-reduction plan of at least $1.2 trillion by a Nov. 23 deadline.
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House GOP leader says deficit deal likely (AP)
AP – The No. 2 Republican in the House says he’s still confident that a bipartisan deficit “supercommittee” will be able to reach agreement even though there’s little more than a week to go before its deadline.
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No deficit deal in sight despite prods by Obama (AP)
AP – Despite prodding from President Barack Obama, members of Congress’ supercommittee concede no deal is in sight to meet their goal of $1.2 trillion or more in deficit savings over the next decade.
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Obama pushes Congress’ deficit panel to act (AP)
AP – Sounding increasingly frustrated as a deadline for action approaches, President Barack Obama accused lawmakers on a congressional supercommittee of refusing to budge off their rigid positions and find a solution to the country’s yawning deficit.
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