Nov. 15 (Bloomberg) -- Senate Majority Leader Harry Reid said “the last minute is fast approaching” on a congressional supercommittee’s efforts to agree on a plan to cut the U.S. deficit.
Reid, a Nevada Democrat, said he hasn’t seen “any indication” that Republicans will agree to what Democrats consider a “balanced approach” of spending cuts and tax increases. He said he met today with House Speaker John Boehner, an Ohio Republican, though their discussion of the supercommittee talks was “non-substantive.”
Republican Senator Lamar Alexander of Tennessee told reporters “failure is not an option” and that the supercommittee needs to agree on a plan this week.
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