Members of the congressional committee created to craft a bipartisan deficit reduction deal continued working into the weekend despite growing pessimism over their inability so far to reach agreement.
Republican committee members held a conference call Saturday morning, a senior GOP aide said. The aide declined to describe the discussions.
"I assume bipartisan conversations are continuing," the aide said.
Although the 12-member panel technically has until Wednesday to finish its work, it faces a practical deadline of Monday to make a proposal public to trim $1.2 trillion from the deficit over 10 years, then send it to the nonpartisan Congressional Budget Office for review.FULL STORY