The Hill News

Chicago Mayor Rahm Emanuel pushed back Sunday against suggestions that President Obama would pay a price if the congressional supercommittee fails in its mission to cut the deficit by $1.5 trillion.

Obama's former chief of staff told ABC's This Week that the panel was created by Congress and the president ensured that it had a fallback trigger guaranteeing at least $1.2 trillion in cuts. Furthermore, he said, Obama has been involved and has offered his own deficit-reduction proposal.

"He's offered a plan, and what they've offered is an ideology," Emanuel said. "He's offered a grand bargain, and they refused a bargain."

Read more...