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Debt Panel Membership Raises Concerns

Legislators face challenge of reaching bipartisan compromise on debt.

By Heidi Przybyla, Kristin Jensen, Bloomberg | Updated on August 11, 2011

The lineup of Democrats and Republicans named to a new congressional panel charged with finding $1.5 trillion in budget savings is raising doubts about the prospects for a bipartisan compromise to address the national debt before next year’s elections.

U.S. House Speaker John Boehner and Senate Republican leader Mitch McConnell yesterday announced their appointments to the 12-member committee created in the Aug. 2 law that raised the nation’s debt limit and averted a default.

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