Debt Panel Members Harden Stance

Only a week before deadline, GOP, Democratic legislators are far from a deal.

Republicans and Democrats on Congress’s supercommittee are hardening their positions with less than a week until the deadline to propose a plan to cut the U.S. deficit.

Representative Jeb Hensarling of Texas, the panel’s Republican co-chairman, said yesterday that his party won’t go beyond its offer to increase tax revenue by $300 billion to cut the debt until Democrats offer a plan to address the long-term growth in federal spending on entitlement programs such as Medicare.

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