Bipartisan “Super Committee” Turns to Cutting Deficit with “Extraordinary” Powers

The bipartisan “super committee” tasked with finding a way out of the U.S. debt crisis has been established, but what can we expect? On Thursday, House Democratic leader Nancy Pelosi named the final three members to the 12-person panel, split evenly between Democrats and Republicans. They will have until November 3 to recommend a plan to cut $1.5 trillion from the deficit over 10 years. We speak with Robert Borosage, founder and president of the Institute for America’s Future and co-director of its sister organization, the Campaign for America’s Future. Borosage says the committee’s authority is unique in Congress, with “powers [that] are quite extraordinary.”