100 lawmakers to debt panel: Consider all options
WASHINGTON (AP) — One hundred House members — Democrats and Republicans — want the special deficit reduction committee to consider all options for reducing federal red ink and shoot for $4 trillion in savings.
That total would far exceed the committee's official goal.
Organizers say the group is divided about evenly between Republicans and Democrats. That would mean a sizable number of GOP lawmakers want the committee to consider increasing revenues.
That's been a hard sell among Republicans on the committee and in Congress.
The committee faces a Nov. 23 deadline for proposing at least $1.2 trillion in savings over 10 years. So far, the committee has made little apparent progress.
If Congress doesn't approve a plan by Dec. 23, $1.2 trillion in automatic cuts would start taking effect in 2013.