Boehner and McConnell meet with GOP Super Committee Members. Failure "Not an Option"

Thursday is shaping up to be a big day in the nation's capitol.

President Obama will deliver a much-anticipated speech on jobs and the economy to a joint session of congress in the evening, however it also marks the first meeting of the Super Committee, tasked with targeting $1.5 trillion in deficit cuts by Thanksgiving.

House Speaker John Boehner (R-OH) and Senate Minority Leader Mitch McConnell (R-KY) had their first face to face meeting with GOP Super Committee members on Wednesday, they spoke for about 30 minutes.

The Joint Select Committee on Deficit Reduction, which consists of six members from each party and is split evenly between House and Senate members, will meet Thursday morning at 10:30 a.m.

"This is a very important committee," said Boehner. "We're committed that this committee get an outcome and we believe that by reducing our debt, we create a better environment to create jobs in America."

"Failure is not an option," added McConnell.