Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Deficit reduction panel holds third public hearingbr
WASHINGTON (10/27/11)—The Joint Select Committee (JSC) on Deficit Reduction conducted its third public hearing Wednesday and, for the second time, heard from Congressional Budget Office Director Doug Elmendorf, as he was the sole witness of the panel's session.

Elmendorf reminded the committee that the CBO would need proposed deficit-reduction initiatives by the beginning of November in order to project the budget impact of the legislation in time for the JSC to vote on it by its Nov. 23 deadline. The CBO impact-assessment process is referred to as "scoring" the legislation.

Sen. Patty Murray (D-Wash.), who with Rep. Jeb Hensarling (R-Texas) is co-chair of the committee, noted the next JSC public hearing is set for Nov. 1. Hensarling seemed to address skeptics' fears that the committee is not making adequate progress toward its goal of identifying $1.5 trillion in budget cuts by saying, "(U)ntil the stroke of midnight on November 22, we still have plenty of time to do the committee's work."

The joint select committee, also called the Super Committee, was created by the Budget Control Act in August.  In addition to Murray and Henslaring, the panel members are: Democratic Sens. Max Baucus (Mont.) and John Kerry (Mass.), Republican Sens. John Kyl (Ariz.), Rob Portman (Ohio), and Pat Toomey (Penn.), House Democrats, Reps. Xavier Becerra (Calif.), Jim Clyburn (S.C.), and Chris Van Hollen (Md., and House Republicans, Reps. Fred Upton and Dave Camp, both of Michigan.


RSS





print
News Now LiveWire
Gas prices have fallen for a record 88 days in a row says @AAAnews via @washingtonpost http://t.co/c52VTdqHEB
37 minutes ago
.@TheNCUA releases regulatory modernization initiative results (PDF link) http://t.co/pgLZe4aget
1 hours ago
#FinCEN seeks nominations of FIs, trade groups for membership on Bank Secrecy Act advisory group http://t.co/l5w58c277W
2 hours ago
MI pediatric dentist pledges $20K match to Hurley Children's Hospital if it wins @CUDirect's 20 for 20 http://t.co/Eq2nIPm6jo
2 hours ago
Kids learn budgeting with M&Ms http://t.co/SzXipTLX12
3 hours ago