REFILE-U.S. House Republicans seek new deficit-reduction panel
(Refiles to add dropped letter in headline)
WASHINGTON Oct 8 (Reuters) - Republican leaders of the U.S. House of Representatives unveiled a proposal on Tuesday that would establish a bipartisan, 20-member committee to make recommendations on a debt-limit increase and look at ways to rein in the country's deficits.
Under the proposed legislation, the Republican-dominated House would name 10 members to the panel while the Democratic-led Senate would name the other 10. The panel would also make recommendations on a measure to fund the government for the 2014 fiscal year, ending a shutdown of federal agencies now in its eighth day.
The committee's recommendations would need the support from a majority of members to move forward. (Reporting By Richard Cowan and Caren Bohan; Editing by David Brunnstrom)
- Housing, jobs data weaken, but overall economic picture still upbeat
- Last-minute Obamacare exemption for those with canceled plans
- U.S. diplomats, but not prosecutors, seek to quell India dispute |
- Target cyber breach hits 40 million payment cards at holiday peak |
- New York Mayor-elect's reputation for lateness parodied on Twitter