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A sign showing K Street is shown in Washington,DC. A stone's throw from the White House, K Street is an alternative corridor of power in US politics, packed with thick carpeted offices and lobbyists with even deeper pockets.
The ink is dry on the debt ceiling bill, but now the work of reducing the deficit begins. The deal created the provision for a Super Committee - a panel consisting of 6 Republicans and 6 Democrats who will be tasked with coming up with 1 trillion dollars in budget cuts. No one has been appointed yet, but lobbyists are already working hard to protect their client's financial interests. Fred Werthheimer, president of Democracy 21, a group that looks into the influence of big business and money in US politics, explains more.