Republicans tell supercommittee to set sights on Dodd-Frank, housing programs

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Calling it the "most significant impediment to economic growth" within their jurisdiction, the lawmakers invited the supercommittee to consider a slew of bills they have introduced that would repeal or otherwise roll back several aspects of the Wall Street overhaul. Included on the list of legislation is a bill that would completely repeal the law, introduced by Rep. Michele Bachmann (R-Minn.).

While members of both parties have often sparred on the committee, both GOP members and ranking member Rep. Barney Frank (D-Mass.) made some of the same recommendations to the supercommittee.

For example, both called for an increase to the fees Fannie Mae and Freddie Mac charge to guarantee mortgages, although Republicans asked for a bigger hike than Frank. And both called for cost-saving reforms to the National Flood Insurance Program. Frank offered his suggestions on Thursday.

As Republicans hunted high and low for ways to trim the deficit, they even looked at their pocket change. The group said that using cheaper metals to make pennies and nickels could save the government a combined $433 million over 10 years.