Mr. Elmendorf said Tuesday that if the new deficit supercommittee is going to meet its Thanksgiving deadline for a deal, his office will need to see an agreement in early November. The supercommittee held its first hearing Tuesday. (T.J. Kirkpatrick/The Washington Times)

Mr. Elmendorf said Tuesday that if the new deficit supercommittee is going to meet its Thanksgiving deadline for a deal, his office will need to see an agreement in early November. The supercommittee held its first hearing Tuesday. (T.J. Kirkpatrick/The Washington Times)