Time is running short in Washington for congress to reach a debt deal. There's now only five days left for the so-called super committee to come to an agreement.
The bi-partisan group needs to shave $1.2 trillion dollars from the nation's deficit. But after two months of negotiating, the super committee still remains deadlocked over debt and taxes.
Today on American Morning, Christine Romans talks with super committee member Rep. Chris Van Hollen (D-Maryland) about what's standing in the way of a deal.
The Congressional super committee has just five days left to put together a deficit deal. The bi-partisan group is currently gridlocked over taxes and entitlement reform. Now many are wondering if an agreement can actually be reached.
Today on American Morning, Sen. Pat Toomey tells Carol Costello that a debt agreement is "still possible, [but] it’s not going to be easy." See the entire interview above.
As the deadline quickly approaches for the debt Super Committee to enact $4 trillion in deficit in tax cuts, 100 bipartisan members of Congress have signed on to a letter in support of the committee's substantial proposals.
The idea behind the letter is that 100 lawmakers from both parties will give the debt committee members support (a "fall guy") and protections from extremists on each side of the political aisle who may attacks the committee's actions. The members who signed the letter are also offering support to the Super Committee if they choose this path.
Two representatives who signed the bipartisan letter, Rep. Jim Cooper (D-TN) and Rep. Reid Ribble (R-WI), talk to American Morning.