Supercommittee to meet on Sept. 8

The new congressional supercommittee on deficit reduction will hold its first meeting next Thursday, Sept. 8, the panel’s co-chairmen announced Friday.

Sen. Patty MurrayPatty MurrayThe Prescription Drug User Fee Act must refrain from adding Right To Try provisions Dem senator: I don't know if Trump 'ever understood' ObamaCare Dems push for more action on power grid cybersecurity MORE (D-Wash.) and Rep. Jeb Hensarling (R-Texas) said the initial meeting would be open to the public and would feature opening statements and a consideration of rules. Five days later, the panel will meet again and hear testimony on “the history and drivers of our nation’s debt and its threats” from the director of the Congressional Budget Office, Douglas Elmendorf.

The supercommittee, which has six members from each party and six members from each chamber of Congress, is charged with finding $1.5 trillion in deficit reduction by Thanksgiving, under the debt-ceiling deal enacted in August. Its recommendations will receive votes in each chamber by the end of the year.

The panel’s Republican members held a strategy session earlier this week, while the Democrats convened their own conference call.

Their first meeting, scheduled for 10:30 a.m. in the Rayburn House Office Building, will occur on the same day President Obama will deliver a major jobs speech to a joint session of Congress.