deficit reduction Photos on Townhall

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    Posted: 10/28/2011 12:55:48 PM EST
    House Minority Leader Nancy Pelosi of Calif., gestures during a news conference on Capitol Hill in Washington, Thursday, Oct. 27, 2011, to caution the deficit reduction supercommittee about not using retirement benefits to fix the nation's debt problems. (AP Photo/J. Scott Applewhite)
  •  - U.S. Sen. Max Baucus (D-MT) (L-R), Sen. Rob Portman (R-OH) and Sen. John Kerry (D-MA) listen to testimony as they meet for the first time for a Joint Deficit Reduction Committee hearing on Capitol

    U.S. Sen. Max Baucus (D-MT) (L-R), Sen. Rob Portman (R-OH) and Sen. John Kerry (D-MA) listen to testimony as they meet for the first time for a Joint Deficit Reduction Committee hearing on Capitol

    Posted: 10/26/2011 12:53:49 PM EST
    Sen. Max Baucus (D-MT), Sen. Rob Portman (R-OH) and Sen. John Kerry (D-MA) listen to testimony on Capitol Hill, September 13, 2011. REUTERS/Jonathan Ernst
  •  - U.S. Sen. Max Baucus (D-MT) (L-R), Sen. Rob Portman (R-OH) and Sen. John Kerry (D-MA) listen to testimony as they meet for the first time for a Joint Deficit Reduction Committee hearing on Capitol

    U.S. Sen. Max Baucus (D-MT) (L-R), Sen. Rob Portman (R-OH) and Sen. John Kerry (D-MA) listen to testimony as they meet for the first time for a Joint Deficit Reduction Committee hearing on Capitol

    Posted: 10/26/2011 12:51:38 PM EST
    Sen. Max Baucus (D-MT), Sen. Rob Portman (R-OH) and Sen. John Kerry (D-MA) listen to testimony on Capitol Hill, September 13, 2011. REUTERS/Jonathan Ernst
  •  - U.S. Sen. Max Baucus (D-MT) (L-R), Sen. Rob Portman (R-OH) and Sen. John Kerry (D-MA) listen to testimony as they meet for the first time for a Joint Deficit Reduction Committee hearing on Capitol

    U.S. Sen. Max Baucus (D-MT) (L-R), Sen. Rob Portman (R-OH) and Sen. John Kerry (D-MA) listen to testimony as they meet for the first time for a Joint Deficit Reduction Committee hearing on Capitol

    Posted: 10/26/2011 12:50:41 PM EST
    Sen. Max Baucus (D-MT), Sen. Rob Portman (R-OH) and Sen. John Kerry (D-MA) listen to testimony on Capitol Hill, September 13, 2011. REUTERS/Jonathan Ernst
  •  - U.S. Sen. Max Baucus (D-MT) (L-R), Sen. Rob Portman (R-OH) and Sen. John Kerry (D-MA) listen to testimony as they meet for the first time for a Joint Deficit Reduction Committee hearing on Capitol

    U.S. Sen. Max Baucus (D-MT) (L-R), Sen. Rob Portman (R-OH) and Sen. John Kerry (D-MA) listen to testimony as they meet for the first time for a Joint Deficit Reduction Committee hearing on Capitol

    Posted: 10/26/2011 12:49:05 PM EST
    Sen. Max Baucus (D-MT), Sen. Rob Portman (R-OH) and Sen. John Kerry (D-MA) listen to testimony on Capitol Hill, September 13, 2011. REUTERS/Jonathan Ernst
  •  - Upton, Bacerra, Hensarling, Murray, Kyl, Baucus, Portman and Kerry meet for the first time for a Joint Deficit Reduction Committee hearing on Capitol Hill in Washington

    Upton, Bacerra, Hensarling, Murray, Kyl, Baucus, Portman and Kerry meet for the first time for a Joint Deficit Reduction Committee hearing on Capitol Hill in Washington

    Posted: 10/16/2011 3:33:49 PM EST
    U.S. Representative Fred Upton (R-MI) (L-R), Rep. Xavier Bacerra (D-CA), Rep. Jeb Hensarling (R-TX), Senator Patty Murray (D-WA), Sen. Jon Kyl (R-AZ), Sen. Max Baucus (D-MT), Sen. Rob Portman (R-OH) and Sen. John Kerry (D-MA) meet for the first time for a Joint Deficit Reduction Committee hearing on Capitol Hill in Washington, September 13, 2011. REUTERS/Jonathan Ernst
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    Posted: 10/10/2011 12:55:52 PM EST
    FILE - In this Sept. 22, 2011, file photo supercommittee co-chair Rep. Jeb Hensarling, R-Texas, right, begins a hearing of the Joint Select Committee on Deficit Reduction on Capitol Hill in Washington. After weeks of secret meetings the supercommittee seems no closer to reaching its assigned goal of at least $1.2 trillion in deficit savings over the next 10 years than it was when talks began. Lawmakers, aides and lobbyists closely following the group are increasingly skeptical, even pessimistic. At left is supercommittee member Rep. Xavier Becerra, D-Calif. (AP Photo/J. Scott Applewhite, File)
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    Posted: 10/10/2011 12:55:51 PM EST
    FILE - In this Sept. 27, 2011, file photo Supercommittee member Sen. Max Baucus, D-Mont., chairman of the Senate Finance Committee, talks on his cell phone outside a closed-door meeting of the Joint Select Committee on Deficit Reduction on Capitol Hill in Washington. After weeks of secret meetings the supercommittee seems no closer to reaching its assigned goal of at least $1.2 trillion in deficit savings over the next 10 years than it was when talks began. Lawmakers, aides and lobbyists closely following the group are increasingly skeptical, even pessimistic. (AP Photo/J. Scott Applewhite, File)
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    Posted: 10/4/2011 7:50:47 AM EST
    FILE - In this Sept. 30, 2011 file photo, traders Robert McQuade, left, and James Dresch work on the floor of the New York Stock Exchange. Stocks took another battering Monday after Greece admitted it won't meet its deficit reduction targets, raising renewed fears that the country will not get crucial bailout loans it needs to avoid a default. (AP Photo/Richard Drew, File)
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    Posted: 10/4/2011 1:40:45 AM EST
    A trader reacts at Hong Kong's Stock Exchange in Hong Kong Monday, Oct. 3, 2011. Stocks took another battering Monday after Greece admitted it won't meet its deficit reduction targets, raising renewed fears that the country will not get crucial bailout loans it needs to avoid a default. The losses in Europe followed a big retreat in Asia, with Hong Kong's Hang Seng leading the way lower with a 4.4 percent decline to 16,822.15. (AP Photo/Vincent Yu)
  •  - Geithner speaks to the press about deficit reduction in Washington

    Geithner speaks to the press about deficit reduction in Washington

    Posted: 9/22/2011 5:39:50 PM EST
    Treasury Secretary Tim Geithner speaks at the White House, after President Barack Obama spoke about cutting the U.S. deficit in the Rose Garden of the White House, in Washington September 19, 2011. REUTERS/Jason Reed
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    Posted: 9/22/2011 5:15:46 PM EST
    Supercommittee co-chair Sen. Patty Murray, D-Wash., listens on Capitol Hill in Washington, Thursday, Sept. 22, 2011, during the Joint Select Committee on Deficit Reduction hearing where Thomas Barthold, chief of staff of the Joint Committee on Taxation, testified about revenue options and reforming the tax code. (AP Photo/J. Scott Applewhite)
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    Posted: 9/22/2011 5:15:46 PM EST
    Supercommittee member Sen. Max Baucus, D-Mont., left, speaks with fellow panelist Sen. Rob Portman, R-Ohio, on Capitol Hill, Thursday, Sept. 22, 2011, as the Joint Select Committee on Deficit Reduction met . (AP Photo/J. Scott Applewhite)
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    Posted: 9/22/2011 3:50:47 PM EST
    Supercommittee member Sen. Max Baucus, D-Mont., left, speaks with fellow panelist Sen. Rob Portman, R-Ohio, on Capitol Hill, Thursday, Sept. 22, 2011, as the Joint Select Committee on Deficit Reduction met . (AP Photo/J. Scott Applewhite)
  •  - Upton, Bacerra, Hensarling, Murray, Kyl, Baucus, Portman and Kerry meet for the first time for a Joint Deficit Reduction Committee hearing on Capitol Hill in Washington

    Upton, Bacerra, Hensarling, Murray, Kyl, Baucus, Portman and Kerry meet for the first time for a Joint Deficit Reduction Committee hearing on Capitol Hill in Washington

    Posted: 9/22/2011 2:20:38 PM EST
    Representative Fred Upton (R-MI) (L-R), Rep. Xavier Bacerra (D-CA), Rep. Jeb Hensarling (R-TX), Senator Patty Murray (D-WA), Sen. Jon Kyl (R-AZ), Sen. Max Baucus (D-MT), Sen. Rob Portman (R-OH) and Sen. John Kerry (D-MA) meet for the first time for a Joint Deficit Reduction Committee hearing on Capitol Hill in Washington, September 13, 2011. REUTERS/Jonathan Ernst
  •  - Upton, Bacerra, Hensarling, Murray, Kyl, Baucus, Portman and Kerry meet for the first time for a Joint Deficit Reduction Committee hearing on Capitol Hill in Washington

    Upton, Bacerra, Hensarling, Murray, Kyl, Baucus, Portman and Kerry meet for the first time for a Joint Deficit Reduction Committee hearing on Capitol Hill in Washington

    Posted: 9/22/2011 2:18:49 PM EST
    Representative Fred Upton (R-MI) (L-R), Rep. Xavier Bacerra (D-CA), Rep. Jeb Hensarling (R-TX), Senator Patty Murray (D-WA), Sen. Jon Kyl (R-AZ), Sen. Max Baucus (D-MT), Sen. Rob Portman (R-OH) and Sen. John Kerry (D-MA) meet for the first time for a Joint Deficit Reduction Committee hearing on Capitol Hill in Washington, September 13, 2011. REUTERS/Jonathan Ernst
  •  - The Joint Deficit Reduction Committee hold a hearing on Capitol Hill in Washington

    The Joint Deficit Reduction Committee hold a hearing on Capitol Hill in Washington

    Posted: 9/22/2011 1:28:08 PM EST
    The Joint Deficit Reduction Committee hold a hearing on Capitol Hill in Washington, September 22, 2011. The panel has the job of finding at least $1.2 trillion in government budget savings over the next decade, following up on $917 billion in deficit reduction agreed in August. REUTERS/Jonathan Ernst (UNITED STATES - Tags: POLITICS BUSINESS)
  •  - The Joint Deficit Reduction Committee meet for a hearing on Capitol Hill in Washington

    The Joint Deficit Reduction Committee meet for a hearing on Capitol Hill in Washington

    Posted: 9/22/2011 1:26:41 PM EST
    The Joint Deficit Reduction Committee meet for a hearing on Capitol Hill in Washington September 22, 2011. The panel has the job of finding at least $1.2 trillion in government budget savings over the next decade, following up on $917 billion in deficit reduction agreed in August. REUTERS/Jonathan Ernst (UNITED STATES - Tags: POLITICS BUSINESS)
  •  - Upton, Hensarling, Murray, Kyl, Kerry and Toomey meet for the first time for a Joint Deficit Reduction Committee hearing on Capitol Hill in Washington

    Upton, Hensarling, Murray, Kyl, Kerry and Toomey meet for the first time for a Joint Deficit Reduction Committee hearing on Capitol Hill in Washington

    Posted: 9/20/2011 4:19:11 PM EST
    U.S. Representative Fred Upton (R-MI) (L-R), Rep. Jeb Hensarling (R-TX), Senator Patty Murray (D-WA), Sen. Jon Kyl (R-AZ), Sen. John Kerry (D-MA) and Sen. Patrick Toomey (R-PA) meet for the first time for a Joint Deficit Reduction Committee hearing on Capitol Hill in Washington, September 13, 2011. REUTERS/Jonathan Ernst
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    Posted: 9/14/2011 5:30:46 PM EST
    A light is on as tourist walk at the archeological site of the temple of Zeus, in central Athens on Wednesday, Sep.14, 2011.Crisis-hit Greece is facing growing pressure from rescue creditors to meet its tough deficit reduction targets despite a worse than expected recession in 2011 .(AP Photo/Petros Giannakouris)