Debt commission

(J. SCOTT APPLEWHITE/The Associated Press) Supercommittee co-chairs Rep. Jeb Hensarling, R-Texas, left, and Sen. Patty Murray, D-Wash., right, confer as the Joint Select Committee on Deficit Reduction meets to hear testimony about the national debt from the Congressional Budget Office director on Capitol Hill in Washington. Failure by Congress’ debt-cutting supercommittee to recommend $1.2 trillion in savings by Wednesday, Nov. 23, 2011, is supposed to automatically trigger spending cuts in the same amount to accomplish that job. But the same legislators who concocted that budgetary booby trap just four months ago could end up spending the 2012 election year and beyond battling over defusing it.

Congress may try blocking cuts if debt panel fails

WASHINGTON — Failure by Congress’ debt-cutting supercommittee to recommend $1.2 trillion in savings by Wednesday is supposed to automatically trigger spending cuts in the same amount to accomplish that job.

Debt panel likes'chain' COLA; 'TRICARE Prime' cut offered

A congressional "supercommittee" tasked to slow the nation's rising debt appears to have reached consensus on dampening future cost-of-living adjustments (COLAs) for federal entitlement programs, including military retirement, through use of a "chain-weighted" Consumer Price Index.

Obama debt commission co-chair to speak in Utah

SALT LAKE CITY -- The co-chairman of President Obama's debt commission is speaking at a private luncheon in downtown Salt Lake City.

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