TPM News

Sen. Lamar Alexander told Reuters that Republicans on the deficit super committee have to agree to more revenues — and democrats to more spending cuts — for a debt deal to be successfully reached.

“They’re at the point where there’s either about to be a big revelation or a big failure,” Alexander told Reuters.

The Obama re-election campaign launched a “GOP Debate Watch” website to fundraise off certain key terms they anticipate will be used at the Republican presidential debate tonight in Michigan.

People can pick a term — like “obamacare,” “repeal,” “class warfare” and others — and pledge a dollar amount every time a candidate uses those words.

Sen. Dick Durbin (D-IL), the Senate’s No. 2 Democrat, says the GOP super committee members' offer of about $300 billion in new tax revenue is a “breakthrough,” The Washington Post’s Felicia Sonmez reports.

“I assume good faith,” Durbin told reporters. “I think that’s the best starting point. And I assume that what we heard from Republicans is a breakthrough that can lead to an agreement, and that’s what we need.”

CNN reports:

A Military Commission hearing at the U.S. Navy Base at Guantanamo Bay Cuba began Wednesday — 17 minutes behind schedule — for the man the United States says is the brains behind the deadly bombing of the USS Cole.