Toomey: Supercommittee has 'got a ways to go'

Two members of the supercommittee working to find consensus on a major deficit-reduction deal said Sunday that there's reason to be hopeful, but little margin for error.

"We still have time, but we have no time to waste," Sen. Pat Toomey (R-Pa.) said on Fox News. "It's at a difficult point. I think we've got a ways to go, but I hope we can close that gap."

Rep. James Clyburn (S.C.), one of the Democrats on the panel, said he remained hopeful the committee would reach a resolution in time, but that his confidence was diminishing.

"I am not as certain as I was 10 days ago," Clyburn said.