The devil will definitely be in the details for a linchpin component of a possible debt-reduction deal.
According to a USAToday report, a divided Congress and the Obama White House continued negotiating Sunday to come up with a plan that could include a "super committee" of 12 members of Congress - six Republicans and six Democrats - tasked with recommending at least $1.8 trillion more in future reductions in the U.S. debt. A vote on its recommendations could be put to Congress by around Thanksgiving, Senate Minority Leader Mitch McConnell, R-Ky., said Sunday.
As behind-the-scenes negotiations continued Sunday night, politically loaded questions about that super committee were already emerging - questions that could still leave in doubt the deal's passage before the nation's $14.3 trillion debt ceiling is reached on Tuesday.
Starting with who would serve on it. That's hugely important because, depending upon the committee's power and responsibilities, a single members of such a committee could hold huge sway over its final recommendation.
Some Republicans are already balking at the possibility of a GOP appointee agreeing to raising revenue....
Read more at http://www.usatoday.com/news/washington/2011-07-31-debt-commission_n.htm?csp=24&kjnd=2R9IKVFa1Guu5KrHceRJoegXj1A8FwIXMBQ9H1wLNbQxf8G5nBvateIBxJ7wUOUP-3fb6ebc1-cd40-4621-a3fa-5a6e9f2b3702_5gcYRdpvq9l8a%2Bp2zLfNkz4%2F5zByIyuTTnj0iYLi%2FNxHIbujae3ZowYDsY99md09
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