By Associated Press / WUKY Staff
WASHINGTON – Congress is moving quickly on a hard-fought agreement to avert a potentially devastating default on U.S. obligations. The legislation will mix a record increase in the government's borrowing cap with the promise of more than $2 trillion in spending cuts over the coming decade.
Speaking on CBS' "Face the Nation" Sunday morning, Republican Senator Mitch McConnell of Kentucky said a super committee of 12 lawmakers will make decisions on those cuts.
"This is not another commission. You know, no outsiders on this. This is a joint committee of Congress, dead even between Republicans and Democrats. They will come back with a report of legislation, a piece of legislation that will be voted on up or down in the House and Senate. If you're looking for an analogy, think of the base closing legislation of a few years ago."
The Senate seems likely to vote first on the debt ceiling measure while House GOP leaders work to assemble support for it.