The Joint Select Committee on Deficit Reduction, known as the Super Committee, will hold its next public hearing, “Security and Non-Security Discretionary Outlays,” on October 26. The hearing will convene at 10 am in room 216 of the Hart Senate office building. Congressional Budget Office Director Doug Elmendorf will be the sole witness.
The Super Committee is tasked with identifying $1.2 trillion in deficit reduction savings under the Budget Control Act of 2011, passed in August and must submit its plan to Congress by November 23 (see Memo, 8/5).
The panel met with all the members of the former “Gang of Six” on October 19. The Gang of Six is a bipartisan group of Senators who released a proposed framework to achieve $4 trillion in deficit reduction on July 19 (see Memo, 7/22).
The meeting was not open to the public and participants did not provide details about what transpired at the meeting. The speculation is they discussed how the Gang of Six plan could be adapted to meet the Super Committee’s goal, and ways the Super Committee could estimate future savings from tax reforms potentially included in its forthcoming plan.