Update on Congressional Deficit “Supercommittee”
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The deal reached by Congress and the White House that raised the debt ceiling also called for the creation of a bipartisan Congressional “supercommittee” called the Joint Select Committee on Deficit Reduction. This committee is charged with finding at least $1.2 trillion in savings. These recommendations are due by Thanksgiving, with the entire Congress to vote on them by Christmas to avoid automatic cuts in military and healthcare programs, specifically payments to Medicare providers. Nearly all of the members of this committee have been named. Click here to read about this committee and its members to date.
