Related Content: Supercommittee

Deficit Deal a Moving Target

On The Radar

With time running out for Congress's special deficit-reduction committee, the two sides Monday were grappling for ways to inch closer on the crucial issue of taxes.   The parties are looking for ways to include smaller tax increases than Democrats had previously sought but more than Republicans want. In addition, Democrats last week proposed keeping upper-income tax rates at 35%, the level set in the Bush-era tax cuts.

On supercommittee, growing doubts about reaching a debt deal

On The Radar

With just 10 days left before a Thanksgiving deadline, members of the congressional “supercommittee” appear increasingly pessimistic about the odds of forging a debt-reduction deal, despite a new offer by Republicans to raise taxes.

Hints of Hope as Deficit Deadline Approaches

On The Radar

Despite sharp divisions within Congress's special deficit-cutting panel, members of both parties say its goal of trimming at least $1.2 trillion from federal deficits over 10 years remains within grasp, and President Barack Obama tried to provide an additional push Friday.

Activist's Antitax Pledge Looms Large in Debt Talks

On The Radar

As Congress's special deficit-cutting committee struggles to reach a deal before a Thanksgiving deadline, one powerful figure looming over the proceedings isn't even a member—Grover Norquist, president of Americans for Tax Reform.

Debt-reduction supercommittee talks appear to be at an impasse

On The Radar

Washington’s latest exercise in debt reduction appeared to be at an impasse Thursday, as members of a special congressional committee barreled toward a Thanksgiving deadline with no movement on the fundamental question of whether to raise taxes.

Supercommittee must not ‘fail the country,’ Bowles says, offering his own plan

On The Radar

Erskine Bowles, the former White House chief of staff who has worked for months to tame the national debt, bluntly warned members of a congressional panel Tuesday that they will “fail the country” if they do not break the impasse over taxes that is blocking a far-reaching agreement.