- ‘Welcome to the edge of freedom’: Biden’s boots touch down in DMZ
- Obama: Hole U.S. ‘digging out of’ requires billions more in unemployment benefits
- Obama’s regulatory agenda will cost U.S. economy $143B next year: report
- Patriot Act author on James Clapper: Fire, prosecute him
- Russia P.M. Medvedev: No amnesty for political prisoners
- Michigan GOP Senate hopeful reminds government is the ‘servant’
- Christmas, by Congress: Members mull a 15-cent tax on trees
- U.S. unemployment falls to five-year low of 7 percent; 203K jobs added
- World mourns Nelson Mandela and celebrates his life; burial set for Dec. 15
- Bill O’Reilly reminds: Nelson Mandela ‘was a communist’
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.
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.
Huntsman stays defiant despite long primary odds
GREENLAND — Jon Huntsman Jr. is defiant, even as his presidential campaign limps along.
- Bill OReilly reminds: Nelson Mandela was a communist
- Spike in battlefield deaths linked to restrictive rules of engagement
- Obama: Hole U.S. 'digging out of' requires billions more in unemployment benefits
- Snow storm sucker punch: U.S. hit by winter wave
- Syria mess may spawn 'Islamic emirate' world must deal with, says Iraq's top diplomat
- U.S. pilot scares off Iranians with 'Top Gun'-worthy stunt: 'You really ought to go home'
- Hack attack: 2 million Facebook, Twitter passwords stolen
- U.S. debt jumps a record $328 billion tops $17 trillion for first time
- GORDON: Purging America's military
- Obamacare's bold vision turns murky: Health reform downsized, promises broken
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