Supercommittee failure sends Republicans scrambling to beat defense cuts

23 Nov 2011

1

The failure of the bipartisan congressional "supercommittee's" announcement on Monday that it had failed to reach an agreement on $1.2 trillion in deficit cuts, has set off the trigger mechanism on a budget bomb that would land up at the defence department's door cutting spends from 2013.

The full Congress now has a year to devise an offsetting cut scheme, to keep the president's backup plan, mandated by law, from taking effect which also includes an equal amounts of cuts in domestic spending.

Soon after the supercomittee's failure, top Republicans on the armed services committees said they would seek to undo automatic defence cuts they voted for as part of the August debt limit deal.

Representative Buck McKeon,a Republican from California, said he would introduce a bill soon to prevent catastrophic damage to national security.

He said the US army had already contributed nearly half a trillion to deficit reduction and now had nothing more to give.

Senator John McCain Republican, Arizona, said he would "pursue all options" to beat the defence cuts.

Latest articles

Honda scales back China operations amid weak sales and EV transition pressure

Honda scales back China operations amid weak sales and EV transition pressure

Textiles ministry explores duty relief measures to support exports amid cost pressures

Textiles ministry explores duty relief measures to support exports amid cost pressures

India withdraws COP33 hosting bid amid evolving climate diplomacy priorities

India withdraws COP33 hosting bid amid evolving climate diplomacy priorities

Andhra Pradesh clears ₹2,500 crore cathode plant to strengthen EV supply chain

Andhra Pradesh clears ₹2,500 crore cathode plant to strengthen EV supply chain

The $166 billion reset as US customs prepares tariff refund processing rollout

The $166 billion reset as US customs prepares tariff refund processing rollout

Fuel protests intensify in France as TotalEnergies workers raise wage concerns

Fuel protests intensify in France as TotalEnergies workers raise wage concerns

Bullion bottleneck eases as government clears banks for gold and silver imports till 2029

Bullion bottleneck eases as government clears banks for gold and silver imports till 2029

Italy faces renewed nuclear debate as IEA urges policy rethink

Italy faces renewed nuclear debate as IEA urges policy rethink

Turbulent skies as West Asia conflict hits Indian aviation and tourism

Turbulent skies as West Asia conflict hits Indian aviation and tourism