PLEDGE NOW
Super Committee Update

Time’s almost up for the bi-partisan deficit-reducing Congressional Super Committee. We’ll look at what’s coming from behind their closed doors.

From right to left, former Senate Budget Committee Chairman Pete Domenici, R-N.M., former White House Budget Director Alice Rivlin, and former Sen. Alan Simpson, R-Wyo., and Erskine Bowles, co-chairs of the National Commission on Fiscal Responsibility and Reform, offer their advice to the Joint Select Committee on Deficit Reduction during a hearing on  Capitol Hill in Washington, Tuesday, Nov. 1, 2011.  (AP)

From right to left, former Senate Budget Committee Chairman Pete Domenici, R-N.M., former White House Budget Director Alice Rivlin, and former Sen. Alan Simpson, R-Wyo., and Erskine Bowles, co-chairs of the National Commission on Fiscal Responsibility and Reform, offer their advice to the Joint Select Committee on Deficit Reduction during a hearing on Capitol Hill in Washington, Tuesday, Nov. 1, 2011. (AP)

The loud ticking sound around Capitol Hill these days is the clock moving down on the so-called Congressional Super Committee charged with taking a big whack out of the US deficit. Last summer, American finances went to the very brink in a super-charged partisan standoff. Triple-A rating – gone.

In the years ahead, it could get much worse. This squad of six Republicans and six Democrats was sent off to find a way forward. Now, they’ve got about two weeks left to do it. It could all blow up.

This hour On Point: behind closed doors – taxes, spending, deficits and the clock ticking on the Super Committee.

-Tom Ashbrook

Guests

Felicia Sonmez, congressional reporter for the Washington Post.

Howard Fineman, Editorial director of the AOL Huffington Post Media Group.

Allen Sinai, chief global economist, strategist, and president of Decision Economics.

Rep. Tom Cole, congressman from Oklahoma’s 4th District.

From Tom’s Reading List

The New York Times “There are only three weeks left for the Congressional supercommittee to come up with a plan to reduce the federal deficit by at least $1.2 trillion, and there is no sign that the panel is anywhere close to reaching an agreement. Only one side, in fact, seems to be trying — the Democrats — and it is being far too accommodating, given the fierce obstructionism of the other side, the Republicans.”

Wall Street Journal “House Speaker John Boehner gave new urgency to the drive for a deficit-cutting deal by saying he would press lawmakers to approve any agreement a congressional supercommittee makes, no matter what it contains. ”

The Economist “Despite becoming more extremist and obstructionist, the Republicans triumphed in the mid-term elections. Next time round, they may be in for a shock.”

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
May 24, 2016
U.S. President Barack Obama meets with Vietnamese Communist party secretary general Nguyen Phu Trong at the Central Office of the Communist Party of Vietnam in Hanoi, Vietnam, Monday, May 23, 2016. (AP Photo/Carolyn Kaster)

Obama’s in Vietnam and Japan. The G7, Hiroshima and his pivot to Asia are all on the table. We look at the big picture.

May 24, 2016
Activist and author Gloria Steinem. (Carly Romeo / Courtesy Gloria Steinem)

Feminist icon Gloria Steinem explores how violence against women drives global instability in her new show, “Woman.” She’s with us.

RECENT
SHOWS
May 23, 2016
Robin Wright, right, attending the Emmy Awards in 2015 with Kevin Spacey. The pair star in "House of Cards" on Netflix. Wright recently shared that she fought to have an equal salary as Spacey. (Alex Berliner/Invision for the Television Academy/AP)

The pay gap between men and women is much greater in white-collar than blue-collar jobs. We’ll look at why, and what should be done about it.

 
May 23, 2016
A long line of travelers wait for the TSA security check point at O'Hare International airport in Chicago. Some major airports are currently seeing wait times exceeding 90 minutes at peak hours. (Teresa Crawford/AP)

The latest on the EgyptAir crash, and the latest on the TSA and security in the United States.

On Point Blog
On Point Blog
‘Best Of’ 2016 Commencement Speeches
Monday, May 16, 2016

Excerpts from a few of the best commencement speeches delivered to the graduating class of 2016.

More »
Comment
 
Caller: Trump is a ‘Yankee moron,’ but I support him
Tuesday, May 10, 2016

“I’m a working man. I’ve worked 13, 14 hours every day. I got two jobs. I got three kids. I got a wife. You know, I’m not a misogynist.”

More »
Comment
 
Devoured: We Are What (And How) We Eat
Tuesday, May 3, 2016

From chicken wings to kale smoothies, we look at what we eat, and how challenging it is to eat well in America.

More »
Comment