Grover Norquist Goes Invisible
Conservatives like anti-tax advocate Grover Norquist and agree with him on principle, but they do not like the idea of Democrats using him in powerful attack ads.
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Fitch Ratings Agency maintained the U.S.'s top rating of AAA today, but it changed its outlook on U.S. debt to "negative" and warned it may downgrade the credit rating because the Super Committee failed to reach a deal on reducing the federal deficit.
Conservatives like anti-tax advocate Grover Norquist and agree with him on principle, but they do not like the idea of Democrats using him in powerful attack ads.
Now that there's nothing left to be secretive about, Super Committee Democrats and Republicans are sharing details about the deficit-reduction panel's fabulous collapse with members of the press.
Cartoonist Tony Auth on Republicans in the Super Committee.
With the Super Committee officially dead, lobbyists, politicians and Pentagon officials are racing to repeal the $600 billion in defense cuts scheduled to begin in 2013.
The deficit-reducing Super Committee, which everyone thought would fail, has officially admitted failure in a press release today.
Debt worries across Europe and the U.S. have triggered a broad sell-off on Wall Street today, gaining momentum well into the afternoon.
The Super Committee's failure to reach a deficit-reduction deal leaves a host of problems in its wake, including the expiration of tax breaks and unemployment benefits and tremors of uncertainty in the stock market.
The Super Committee's official deadline for a deficit deal is technically on Wednesday, but because of the necessary behind-the-scenes work at the Congressional Budget Office, the real deadline is Monday at midnight.
Members of the bipartisan panel increasingly signal that they won't hit their Wednesday deadline to reduce the deficit and avoid automatic spending cuts. They took to the Sunday morning shows to blame each other.
Super Committee Democrats blasted a smaller $643 billion deficit-reduction plan offered by Republicans Friday, a rejection that leaves nothing on the table ahead of Monday's deadline.
The office of Rep. Gabrielle Giffords coordinated a bi-partisan effort to urge the members of the super committee to get something done.
The day for making excuses is upon us, as members of Congress begin alerting the Washington press that the 12-member Super Committee will miss its Nov. 23 deadline.
The likelihood of a Super Committee deficit-reduction deal by Nov. 23 depends on a slew of moving parts. But that hasn't prevented banks, politicians and reporters from venturing a guess at the odds of an 11th hour agreement.
Despite vociferous claims from leaders in both parties that the Super Committee must not fail, a narrow coalition of actors inside and outside of government are rooting for the deficit-reduction panel to gridlock and fail in its final days of negotiations.
Cartoonist Tony Auth's bleak outlook for the nation's Super Committee
They can't strike a deal so they want to pull a fast one. With only one week left, members of the bipartisan Super Committee are resorting to accounting gimmicks and legislative sleights of hand to magically produce $1.2 trillion in deficit savings without significant tax increases or spending cuts.
Let alone agree on a plan to reduce the deficit, Republicans and Democrats can't even agree on what happened at Tuesday's Super Committee talks.
If the Supercommittee can't come up with a deal to slash the deficit, automatic reductions to defense spending would take place. But is that really likely?
Today, the U.S. Senate passed a spending bill to the tune of an estimated $182 billion "to fund the day-to-day budgets of five Cabinet agencies" after dragging its feet for months, the AP reports.
The last best hope to salvage a $1.2 trillion deficit-reduction deal in the Super Committee rests on the shoulders of three Republicans: Michigan Congressman Dave Camp, Ohio Senator Rob Portman and Michigan Congressman Fred Upton.
With time running out for the Super Committee to agree on a deficit-reduction plan, Capitol Hill dailies are fat with ad pages meant to influence lawmakers.
The purpose of the Super Committee was to force Congress to make a deal to trim the deficit, but with lawmakers still immune to compromise, they're looking for loopholes instead.
With less than a month to go before the deadline to produce a debt deal, it appears that the Congressional deficit-reduction committee is nowhere close to a deal.
With only weeks to find a compromise, there's a trillion dollar gap between the deficit-reduction plans proposed by Democrats and Republicans on the Super Committee
Earlier today, Democrats leaked a $3 trillion deficit-reduction package to the Los Angeles Times, The New York Times, Dow Jones and Reuters but in each case, one major government expense was not mentioned: defense spending.
Super Committee Democrats tasked with finding $1.2 trillion in budget savings have news of for Republicans: How 'bout $3 trillion in savings?
The growing consensus on how the 12-member panel will plans to cut $1.2 trillion from the federal deficit is starting to look like a big win for the Defense Department, which has could see its budget slashed by hundreds of billions of dollars if there is no deal.
The 12-member bipartisan Super Committee tasked with finding at least $1.2 trillion in cuts has a little over a six weeks before they have to send their plan to Congress and there is no deal in sight.
Arthur Laffer on 9-9-9, Robert Jeffress on religion and politics, and Jordan Tama on the Super Committee
Here's what we know about the tight-lipped deficit slashers
Cartoonist Tom Toles predicts the downfall of the 'Super Committee'
The financial backers of the Super Committee's Democratic Congressmen
The financial backers of the new House GOP committee members
A breakdown of campaign contributions to senators selected to serve on the super committee
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