Talks between congressional leaders charged with coming up with a plan by Wednesday to cut the national deficit by $1.2 trillion have descended into squabbling and finger-pointing, suggesting that automatic cuts to domestic programs, Medicare and defense spending—rather than a mix of cuts and tax increases—are inevitable. (more)
Senate Democratic leader Harry Reid and Senate and House Republican leaders have announced their selections for the deficit-reduction “super committee.” The 12-person council will attempt to cut about $1.5 trillion in federal spending over the next decade. (more)
Is there a more hypocritical figure in American politics than Joe Lieberman? The Connecticut senator declared Tuesday that he would support a filibuster of any health care reform bill that has a public option—even the version with the “trigger” compromise accepted by Republican Sen. Olympia Snowe—because it might cost money.