Deficit panel prospects unclear: Rep. Van Hollen

Reuters News
Posted: Oct 14, 2011 11:28 AM
Deficit panel prospects unclear: Rep. Van Hollen

WASHINGTON (Reuters) - Representative Chris Van Hollen, a Democratic member of a special deficit-reduction panel in Congress, on Friday said that it was "still unclear" whether the committee will succeed in coming up with a budget plan.

Van Hollen, speaking at a discussion sponsored by the National Journal, said he was "absolutely convinced" that the 12-member bipartisan "super committee" was working hard to reach an agreement by November 23.

The panel is trying to find at least $1.2 trillion in savings over 10 years. Van Hollen noted that it is also important to deal with the sluggish U.S. economy in the short-term.

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(Reporting by Donna Smith; Editing by Will Dunham)