Republicans and Democrats on Congress's supercommittee are hardening their positions with less than a week until the deadline to propose a plan to cut the U.S. deficit.
Representative Jeb Hensarling of Texas, the panel's Republican co-chairman, said yesterday that his party won't go beyond its offer to increase tax revenue by $300 billion to cut the debt until Democrats offer a plan to address the long-term growth in federal spending on entitlement programs such as Medicare.
"I'm not moving this particular offer," Hensarling told reporters. "I'm still waiting for Democrats to actually solve the problem" of entitlements.
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