Supercommittee Gives Up

Democratic and Republican members of the supercommittee announced earlier today that they would be unable to recommend $1.2 trillion in deficit reducing cuts by the Wednesday deadline. Congressman Jeb Hensarling, a Republican, and Senator Patty Murray, a Democrat, the co-chairs of the supercommitee, released the following statement:

“After months of hard work and intense deliberations, we have come to the conclusion today that it will not be possible to make any bipartisan agreement available to the public before the committee’s deadline.