U.S. Representative John Carney (D-DE) released the following statement after the co-chairs of the Joint Select Committee on Deficit Reduction, Senator Patty Murray (D-WA) and Representative Jeb Hensarling (R-TX), announced that the Super Committee will not reach a deficit reduction agreement before its November 23rd deadline:
"The failure of the Super Committee is very disappointing and frustrating. It further erodes any confidence that Congress can pass a meaningful fiscal plan. There was broad support from close to 150 Democratic and Republican members of the House and Senate, including myself, for the committee to 'go big'. Since taking office, I've been calling for a large, balanced agreement that uses the framework of Bowles-Simpson or the Gang of Six to reach a $4 trillion deficit reduction goal.
"The debate is not over. Both parties must continue working towards an acceptable long-term deficit reduction plan that is responsible and fair. I'm hopeful that the Super Committee's failure will prompt more members to support a comprehensive plan with responsible spending cuts and additional revenue that will put the country on a path to fiscal balance."