Deficit Reduction, Republican | featured news

A key Republican leader assured Sunday that a congressional supercommittee will reach agreement on $1.5 trillion in cuts in government spending by next month's deadline and avert deep automatic measures.

Rep. John Fleming (R-LA) appeared on MSNBC with Chris Jansing this morning to attack President Obama’s new deficit reduction plan, which includes some tax increases on the wealthy. Taking up the typical GOP talking point, Fleming said raising taxes on wealthy “job creators” is a terrible idea that kills jobs because many of these people ...

Senator Mitch McConnell, the key Republican negotiator, expressed optimism that a $3-trillion deal could be reached to avert a federal default. A Senate procedural vote is scheduled for 1 p.m.

Republicans say the choice of House Budget Committee Chairman Paul Ryan to deliver the party's response to the State of the Union address signals the GOP's commitment to deficit reduction. The Wisconsin lawmaker was a member of President Obama's bipartisan fiscal commission, but voted against its recommendations.WASHINGTON – Republicans have tapped Wisconsin Rep.