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House Democratic Leader Nancy Pelosi named Reps. James Clyburn, Xavier Becerra and Chris Van Hollen to the congressional debt reduction committee created to find $1.2 trillion in budget cuts to go along with a rise in the debt ceiling.

Pelosi's announcement rounds out the 12-member team of lawmakers who are expected to put everything on the table to come up with the tricky Washington talent of finding budget cuts that allow more spending.

Pelosi's choice include some of the most political and highest ranking members in the House Democratic Caucus. Each has experience in budget, appropriations and tax-writing.

Clyburn of South Carolina is the No. 3 in the Democratic leadership as assistant Democratic leader and previously served on the appropriations committee. Becerra of California is the Democratic caucus vice chair and was a member of President Obama's deficit reduction panel. Van Hollen of Maryland is the Budget Committee ranking member and the former head of the Democratic Congressional Campaign Committee.

"The thrust of the committee must be to grow an American prosperity enjoyed by all Americans," Pelosi said in a statement. "We must achieve a 'grand bargain' that reduces the deficit by addressing our entire budget, while strengthening Medicare, Medicaid and Social Security. Our entire caucus will work closely with these three appointees toward this goal, which is the goal of the American people.

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The three will join talks that are set to begin when Congress returns from its August break. The group will be working on a tight deadline as it has until Nov. 23 to come up with recommendations that both chambers of Congress can vote on before the end of the year.

Rep. Dave Camp, R-Mich., chairman of the House Ways and Means Committee who was selected by Speaker John Boehner to be on the panel, told Reuters Thursday that boosting the sluggish U.S. economy and creating jobs are top priorities. He said he's not going to rule anything in or out until the group rules on it.

"I am willing to discuss all issues that might help us reduce our short and long-term debt and grow our economy," Camp said.