Here is video of President Barack Obama’s speech on the Congressional deficit Super Committee from Mon. Nov. 21, 2011. Watch the full statement on the failure of the Supercommittee to reach a federal budget deficit reduction which was delivered at the White House Brady Briefing Room.
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The 12-member Super Committee co-chaired by Rep. Jeb Hensarling (R-TX) and Sen. Patty Murray (D-WA) was to bring about a 2.6 percent reduction ($1.2 trillion) of the federal budget over 10 years, and was unable to do so. They released a written statement which read in part: “Despite our inability to bridge the committee’s significant differences, we end this process united in our belief that the nation’s fiscal crisis must be addressed and that we cannot leave it for the next generation to solve.”
The President said in part in his remarks: “There are still too many Republicans in Congress who have refused to listen to the voices of reason and compromise that are coming from outside of Washington.”
Check back for full transcript text which will be posted as soon as it is available.
Here is a roundup of news stories and reactions to the Super Committee failure.
- Supercommittee’s failure pushes Bush tax cuts to forefront of 2012 campaign
- The Deficit Deal That Wasn’t: Hopes Are Dashed
- Parties brace for ‘super’ fallout
Photo credit: Official White House Photo by Pete Souza
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