- Ohio Gov. John Kasich cruising to re-election: survey
- Landslide hits Indian village; 150 may be trapped
- Albania bank loses $7M in theft; police arrest 2
- Gov. Mike Pence irked as Obama sends illegals to Indiana on sly
- Israel, White House say Obama phone call to demand cease-fire was fake
- Nancy Pelosi: Deporting kids un-Christian, sends them ‘into a burning building’
- Islamist militants seize special forces base in Benghazi, Libya
- Feds sue Pennsylvania State Police over women’s fitness tests
- Israel accused of striking U.N. school, killing at least 15
- Israel hits symbols of Hamas rule; scores killed
Topic - Joint Select Committee On Deficit Reduction
Congress' chief scorekeeper effectively shortened the window for the new deficit supercommittee to reach a deal, saying Tuesday that if lawmakers are going to meet their Thanksgiving deadline, his office will need to see an agreement at the beginning of November.
The debt-ceiling agreement brokered behind closed doors by President Obama and congressional leadership was a failure in every respect. It neither soothed the markets nor produced a dime in actual spending cuts. The stock markets plunged and the United States suffered a humiliating downgrade - the very fate this deal was supposed to avoid. The new Joint Select Committee on Deficit Reduction needs to do better.
Like rebellious teenagers, Washington politicians ignore advice until they get in trouble. The debt downgrade and market crash ought to get them to rethink their overspending ways. Within the week, a new task force will form to give them an opportunity to make amends.