Super Committee Deadline Looms, No Deal On Horizon

The congressional super committee has yet to agree on tax and entitlement reform issues, the group announced Sunday.

"We've got to be willing to probably make some folks mad on both ends of the political extreme," Sen. Mark Warner of Virginia CNN's "State of the Union." "And you'll know this super committee is getting close if you hear folks on both ends of the political extreme scream the loudest, because that will show that there's actually movement being made."

The only solution to the issue might be a two-step process in which the group sets a figure for increased tax revenue that congressional committees would then implement through legislation, said Texas Rep. Jeb Hensarling, the panel's co-chair, as reported by CNN's "State of the Union.

"There could be a two-step process that would hopefully give us pro-growth tax reform," Hensarling told CNN.

But Hensarling told CNN Sunday that unless Democrats are willing to accept significant reforms to entitlement programs such as Medicare and Medicaid, the process will fail.

The committee has only ten more days to reach an agreement on at least $1.2 trillion in deficit reduction over the next decade, CNN reports. If they fail to reach an agreement or gain approval by Congress and the president, the money will be automatically cut from other areas effective in 2013.

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