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Supercommittee differs on ambition

Serious differences emerged Thursday at the debt supercommittee’s first meeting over how ambitious the panel should be in cutting deficits.

The divide cut across parties, with some Republicans and some Democrats arguing the panel should seize the moment by tackling entitlement and tax reforms in the pursuit of much larger cuts than the $1.2 trillion the supercommittee is charged with finding.

Read the full story on The Hill's On the Money blog.