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Committee on deficit reduction, better known as the supercommittee. the idea was that this 12-member bipartisan committee made up of members of congress would do what the larger congress couldn't and agree on a deficit reduction package. but republicans wanted more than that. they wanted some kind of a guarantee. and so the initial idea was that if a supercommittee failed, there would be automatic spending cuts which democrats wouldn't like and automatic tax increases which republicans wouldn't like. this way both parties would have reason to compromise because they'd both have something to fe...

Defense programs face a 9.4% cut. while most domestic programs face cuts of 8.2%. joining me now, reporter for the "washington post" and national political reporter for the atlantic. thanks for joining me. david, i'll begin with you. as the house plans to wrap up work next week, it's canceled all of its october sessions. obviously going to have to tackle this fiscal cliff, this threat, after the election. so is that going to happen? >> well, time is running out. i think all eyes are on the november 6 election. what president obama has been saying to voters is look, we have these problems facin...

Bipartisan committee made up of members of congress would do what the larger congress couldn't and agree on a deficit reduction package. but republicans wanted more than that. they wanted some kind of a guarantee. and so the initial idea was that if a supercommittee failed, there would be automatic spending cuts which democrats wouldn't like and automatic tax increases which republicans wouldn't like. this way both parties would have reason to compromise because they'd both have something to fear. republicans refuse to have tax increases in the sequester so instead the two sides settled on aut...

They created the joint special committee on deficit reduction, better known as the supercommittee. the idea was that this 12-member bipartisan committee made up of members of congress would do what the larger congress couldn't and agree on a deficit reduction package. but republicans wanted more than that. they wanted some kind of a guarantee. and so the initial idea was that if a supercommittee failed, there would be automatic spending cuts which democrats wouldn't like and automatic tax increases which republicans wouldn't like. this way both parties would have reason to compromise because t...

Committee on deficit reduction, better known as the supercommittee. the idea was that this 12-member bipartisan committee made up of members of congress would do what the larger congress couldn't and agree on a deficit reduction package. but republicans wanted more than that. they wanted some kind of a guarantee. and so the initial idea was that if a supercommittee failed, there would be automatic spending cuts which democrats wouldn't like and automatic tax increases which republicans wouldn't like. this way both parties would have reason to compromise because they'd both have something to fe...