Super Committee Will Keep Up Pace Next Week
Although the Senate is on recess until Halloween, the Joint Committee on Deficit Reduction is slated to continue its work next week, as it presses up against a November deadline to produce an agreement to find at least $1.2 trillion in savings over the next decade.
The full panel is scheduled to meet behind closed doors on Tuesday and Wednesday of next week, super committee sources said. The committee also plans to hold a public hearing Wednesday morning on discretionary spending with Congressional Budget Office Director Douglas Elmendorf.
The schedule for later in the week has not yet been set, but the 12 bicameral, bipartisan members have been meeting regularly, both as a full panel and by party, even when one chamber has been in recess.
The panel has been tasked with finding and voting on a final deal before Thanksgiving, but Elmendorf has said in previous hearings that the group will have to begin sending information to his non-partisan budget group by the beginning of November in order to give the CBO enough time to produce cost estimates for any package.
To date, Republicans and Democrats still remain deadlocked over whether the panel can tackle both taxes and entitlements.