Official: Dems Reject Latest GOP OfferA congressional official says Democrats on the deficit-cutting supercommittee have rejected a last-ditch offer from the Republicans that would curb deficits by $545 billion over the next decade.
Democrats, Republicans Far Apart On Deficit DealAs the nation's debt soared past $15 trillion, congressional Republicans and Democrats approached stalemate Wednesday in a yearlong assault on federal deficits, stymied still by politically charged disagreements over taxes and the future of enormously expensive government benefit programs.
Top Democrats Positive About Gang of 6 Debt PlanTop House Democrats are making positive but cautious comments about a deficit-reduction proposal by a bipartisan group of senators called the Gang of Six.