With just under ten days to go until the "super committee" reaches its deadline, the 12 Republicans and Democrats that make up the group will have to agree on $1.2 trillion of deficit reduction or else face automatic cuts in integral areas such as defense spending. Republican Eric Cantor believes a deal is close. "Yes, I do think that the joint select committee will be successful," he said in an interview on the Fox News. But many are worried a compromise will not be reached in time.
Takeaway's Washington correspondent Todd Zwillich talks about the latest on negotiations.