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Senate Finance Committee Chairman Max Baucus (D-MT) (C) is surrounded by reporters after leaving a meeting with fellow members of the Joint Select Committee on Deficit Reduction, or "Supercommittee," November 18, 2011.
Across the country, people are counting down the seemingly imminent collapse of the now notorious deficit-reduction supercommittee, which is on track to miss its deadline to identify $1.2 trillion in budget cuts by Wednesday.
Patt checks in with committee member and Los Angeles Congressman Xavier Becerra as he emerges from a last-ditch effort to forge the impasse plaguing the 12-member bipartisan committee.
Will they ask for an extension? Will they attempt to finagle their way, somehow, out of the punitive spending triggers—the threat of which was intended to keep them on task? And what does this impending failure say about the state of affairs in Washington?
Rep. Xavier Becerra, (D-31 Los Angeles); member of the Ways and Means and Budget committees in the House of Representatives; member of the Joint Select Committee on Deficit Reduction, known as the supercommittee
Robert Bixby, executive director of The Concord Coalition, a nationwide, non-partisan, grassroots organization advocating responsible fiscal policy