|Published:||Oct 26, 2011 2:37 PM EDT|
|Updated:||Oct 26, 2011 2:37 PM EDT|
WASHINGTON (AP) - The congressional committee that's charged with cutting the deficit holds its first hearing in more than a month today.
The 12-member supercommittee reportedly has made little progress toward its goal of finding $1.2 trillion worth of cuts - and its deadline is four weeks from today.
But co-chairman Jeb Hensarling says panel members are committed to striking a deal. The Republican congressman from Texas says they have until the stroke of midnight on Nov. 22, and that's "plenty of time."
The focus of today's hearing is entitlements and the only witness is Congressional Budget Office director Douglas Elmendorf.