Supercommittee May Want More Time on Deficit Deal

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A top House Democrat recently spoke of the deficit reduction supercommittee currently working to seek an extension on finding ways to slash the budget deficit before its Thanksgiving deadline in a report by the New York Times.

Rep. Steny Hoyer (D-Md.) said the panel may ask Congress to extend the deadline, as the panel cannot “extend its deadline itself.”

According to the report, in order for an extension to go through, the committee would have to tell Congress it needed more time and that it was making progress. A key sticking point in discussions is whether tax increases should be part of the deficit reduction proposal.

A Democratic aide told progress on his issue has stalled due to Republican opposition against revenue increases. The aide added an extension on the deadline is not the problem.

“Time is the enemy here,” said the aide.

The Times report says a bipartisan group of 40 House Republicans and 60 House Democrats said the panel should consider revenue increases along with spending cuts.

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