Deficit Supercommittee Still Stalled, No Deal In Sight12:16
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From left, Rep. James Clyburn, D-S.C., Rep. Fred Upton, R-Mich., Rep. Xavier Becerra, D-Calif., and Rep. Jeb Hensarling, R-Texas, of the Joint Select Committee on Deficit Reduction attend the panel's last public hearing on Capitol Hill in Washington in early November. (AP)
From left, Rep. James Clyburn, D-S.C., Rep. Fred Upton, R-Mich., Rep. Xavier Becerra, D-Calif., and Rep. Jeb Hensarling, R-Texas, of the Joint Select Committee on Deficit Reduction attend the panel's last public hearing on Capitol Hill in Washington in early November. (AP)

Signs of a stalemate are rising at the deficit supercommittee in Washington, D.C. By next Wednesday the six Democrats and six Republicans who've been meeting for weeks, largely behind closed doors, must agree on at least $1.2 trillion dollars in government spending cuts or else across-the-board spending cuts automatically kick in.

Republicans have offered what was previously anathema to them: to raise tax revenue, in exchange for keeping the Bush-era tax cuts.

Democrats have counteroffered, but still there's no deal. Now a growing number of lawmakers outside of the committee, who've largely been kept out of the loop on negotiations, are urging the committee to "go big" and find something like $4 trillion dollars in cuts.

Guest:

  • Gail Chaddock, congressional correspondent for the Christian Science Monitor

This segment aired on November 17, 2011.

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