Statement by President Obama on the Supercommittee

Washington, DC–(ENEWSPF)–November 21, 2011 – 5:44 P.M. EST

THE PRESIDENT:  Good afternoon.  As you all know, last summer I signed a law that will cut nearly $1 trillion of spending over the next 10 years.  Part of that law also required Congress to reduce the deficit by an additional $1.2 trillion by the end of this year.

In September, I sent them a detailed plan that would have gone above and beyond that goal.  It’s…