Supercommittee Far From Debt Deal

    Speaker of the House John Boehner, R-Ohio, is seen following a Republican strategy session at the Capitol, Tuesday morning in Washington, Nov. 15, 2011. With the Supercommittee at an impasse and only eight days until the Nov. 23 deadline, Boehner met behind closed doors with Senate Majority Leader Harry Reid, D-Nev. (AP Photo/J. Scott Applewhite)

    J. Scott Applewhite / AP Photo

    Is anyone surprised? The Washington Post says the Obama administration is quietly preparing for the debt-reduction supercommittee to fail, while The Wall Street Journal says the panel is turning to accounting gimmicks to reach the target of $1.2 trillion in savings over 10 years. The deadline for the supercommittee is Nov. 23, and so far there has been no bill language made public or even a hint of a deal. On Tuesday, House Speaker John Boehner and Senate Majority Leader Harry Reid met, a sign that they are worried about the committee’s inaction.

    Read it at Politico