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NPR

Deficit-Cutting Supercommittee: 'We're Not There Yet'

The 12-member supercommittee charged with finding at least $1.2 trillion in budget cuts next month met publicly for the first time in six weeks Wednesday — and agreed on little more than the fact that time is indeed growing short for them to approve a deal. Co-chairman Patty Murray, D-Wash., said a lot of hard work has been done to find common ground and agree on a balanced, bipartisan plan for deficit reduction. But, she added, "We're not there yet."
NPR

Trucking Gives Reason For Economic Optimism

One little-noticed measure of economic growth is the Truck Tonnage Index. The latest reading shows that trucks are carrying more goods, and that suggests the economy is doing well enough to avoid a recession.
NPR

Obama Unveils New Student Loan Rules

The Obama administration is revising some rules on federally guaranteed student loans. The administration says the changes will make it easier for graduates to repay them. It's making it easier for students to consolidate loans into a single payment and expanding a program that bases payments on a graduate's income. The new rules will affect 7 million of the 36 million student loan borrowers.
NPR

At Meeting, Supercommittee Shows Little Progress

The deficit-cutting Supercommittee met Wednesday morning in its first public meeting in more than a month. The group is charged with finding at least $1.2 trillion in budget reductions by Nov. 23. If it fails, automatic, across-the-board cuts follow — a consequence that no one in the Capitol wants.

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