Tag: supercommittee

With just 10 days to go before the deadline for the “supercommittee” to make a deal news outlets are reporting more reasons to worry that the talks will fall apart — and that congress may try other maneuvers to address the deficit.

The Congressional deficit reduction “supercommittee” that has been charged with finding $1.5 trillion in budget savings by Thanksgiving could save billions by eliminating tax breaks and subsidies for oil and gas companies, which advocacy groups from across the ideological spectrum support, but energy companies are battling to keep their good deals.

Unlikely allies — the National Taxpayers Union and U.S. Public Interest Research Group — have united to show the Congressional supercommittee where it can cut a trillion dollars in federal spending.