Boehner: High hopes for debt 'supercommittee'

(AP) ? House Speaker John Boehner says he has high hopes that a congressional "supercommittee" will be able to reach "common ground" on a plan to cut the deficit by at least $1.2 trillion over a decade.

But the most powerful Republican in Washington says that finding common ground doesn't necessarily mean compromising one's principles, a none-to-subtle hint that he remains strongly opposed to increasing taxes as part of the solution to deficits exceeding $1 trillion a year.

Boehner's remarks to a group of students at the University of Louisville came as the secretive 12-member bipartisan panel remains deadlocked less than a month before its deadline. Democrats say tax revenues are a precursor to any agreement to curb spending on costly benefits programs like Medicare.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2011-10-31-Debt-Supercommittee/id-ca45d6b6bf0e424fb313a1d961fd66a2

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