U.S. Sen. Mike Johanns (R-Neb.) issued the following statement in response to reports that the Joint Select Committee will fail to reach an agreement on deficit reduction:
"This is extremely disappointing news," Johanns said. "Ignoring our ballooning debt crisis will not make it go away. I've been encouraged with the work done by the Senate's Gang of Six and I will redouble my efforts to help them in any way possible. If we don't get a deficit reduction plan to floor of the Senate soon the consequences will affect not only job creation but shake the foundations of our economy. It's time to get our fiscal house in order."