Inside Politics

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A key Republican leader said Sunday that a congressional “supercommittee” will reach agreement on $1.5 trillion in cuts in government spending by next month’s deadline, thus averting harsh automatic measures.

“I think folks in this town on both sides of the aisle know that we can’t fail. There has to be success and an outcome here,” said Rep. Eric Cantor, the majority leader in the House of Representatives.

The bipartisan committee was set up in August to make $1.5 trillion in cuts of government spending as part of a deficit-reduction deal to reduce spending by at least $2.1 trillion over the next 10 years.

The committee has until Nov. 23 to come up with a deal; failure to reach agreement would automatically trigger $1.2 trillion in cuts evenly distributed between military and nonmilitary spending.

The Pentagon and its supporters in Congress have warned that automatic cuts would damage U.S. security interests.

CAMPAIGN

Axelrod: GOP doesn’t get Wall Street protests

A senior political adviser to President Obama is charging that the Republicans seeking the presidency don’t understand the American public’s pent-up anger about corporate excesses.

David Axelrod said on ABC’s “This Week” that the American people “want a financial system that works on the level. They want to get a fair shake.”

He appeared Sunday, one day after scores of demonstrators protesting corporate business practices were arrested in New York’s Times Square in a confrontation with police.

Mr. Axelrod faulted Republicans who have been pushing in Congress to soften or repeal the landmark legislation Mr. Obama pushed through last year, tightening regulation of business practices.

Mr. Axelrod said he doesn’t believe “any American is impressed” when hearing GOP presidential candidates who want to “roll back Wall Street reform.”

NEW HAMPSHIRE

Huntsman stays defiant despite long primary odds

GREENLAND — Jon Huntsman Jr. is defiant, even as his presidential campaign limps along.

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