By JENNIFER STEINHAUER and ROBERT PEAR
Published: November 4, 2011
Members of both parties and both chambers said they increasingly feared that the 12-member committee would be unable to bridge deep partisan divisions and find $1.2 trillion in deficit reduction as required under the law that raised the debt ceiling and createdthe committee in the summer.
As talks sputtered, one panel member publicly lamented that the process was not working, and the group was chastised by a bipartisan group of budget experts at a public hearing for failing to show progress. Several members of Congress, especially Republicans on the House and Senate Armed Services Committees, are readying legislation that would undo the automatic across-the-board cuts totaling nearly $500 billion for military programs, or exchange them for cuts in other areas of the federal budget. READ MORE >>>