That is consistent with signals the Obama administration sent throughout the super committee negotiations and fits with what Congressional leaders have said about a process they hatched to resolve a partisan impasse to raise the debt ceiling that consumed Washington over the summer. Still, the president’s position could change in the heat of the 2012 campaign, whether under pressure from the left or the right, possibly leading to Congressional action next year.
Some Congressional Republicans have already discussed attempting to reverse the defense cuts in 2012 as the failure of the super committee became more likely. But legislative aides have indicated that doing so would be extremely difficult. “Me, personally? Yes, I would feel bound,” Speaker John Boehner (R-Ohio) has said. “It was part of the agreement. And so either we succeed or we’re in the sequester.”
Steven T. Dennis and Meredith Shiner contributed to this report.
Leaders from military and veterans service organizations joined Sens. Roger Wicker, R-Miss., Kelly Ayotte , R-N.H., and Lindsey Graham, R-S.C., at a press conference to urge the Senate to replace a provision in the budget proposal that cuts retirement benefits for veterans. Wicker, Ayotee, and Graham earlier called for a bipartisan solution to replace the $6.3 billion in cuts to military retiree benefits.
Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club.