OPINION

Debt supercommittee: Democrats reject last-ditch Republican offer

Townhall Staff
Townhall Staff  |  Nov 18, 2011
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Democrats on Friday rejected a last-ditch bid by Republicans to save the congressional supercommittee from failure, leaving the panel with no apparent path to compromise as the clock ticks toward a Thanksgiving deadline.

Having concluded that agreement looks increasingly unlikely on a far-reaching plan to raise taxes and restrain social spending, Republican members of the supercommittee worked with House Speaker John A. Boehner (R-Ohio) to develop with a smaller “Plan B” that would stop far short of the panel’s goal of $1.2 trillion in deficit reduction over the next decade.