United States Congress Joint Select Committee on Deficit Reduction

The Super Committee might not be able to agree on how to fix the budget, but Americans playing a computer game at home called “Budget Hero” show surprising consensus. The Takeaway hears from “Budget Hero” ‘s creator for more.

Disappointing many, but surprising few, the so-called Congressional “super committee” tasked with finding at least $1.2 trillion in deficit reductions announced it had failed to reach an agreement on Monday. Now, a wide range of spending cuts impacting everything from domestic to military programs will be implemented, which economists say will further hinder recovery. President […]

After months of budget negotiations, tensions between Congressional “super committee” members have reached what seems to be a breaking point. With only three days left before their deadline to cut 1.2 trillion dollars from the federal debt, 12 super committee members made the rounds to the Sunday political news outlets and publicly aired their  grievances. Republican […]

It’s mid-November which means that most Americans are thinking about the home stretch towards Thanksgiving: packing bags, confirming reservations, looking up recipes. But in Washington, there’s  a whole different kind of scramble. This Wednesday, November 23, the bipartisan congressional “super committee” must come to a deal on a strategy to reduce the deficit or face serious […]

With just under ten days to go until the “super committee” reaches its deadline, the 12 Republicans and Democrats that make up the group will have to agree on $1.2 trillion of deficit reduction or else face automatic cuts in integral areas such as defense spending. Republican Eric Cantor believes  a deal is close. “Yes, I […]