NEW : Obama calls for a fair approach , saying everyone should weigh in to a solution . Obama , Becerra and Van Hollen are added to the 12-member bipartisan committee . The new committee will oversee $ 1.5 billion in deficit reduction steps . They join three Senate Democrats -- Patty Murray , Max Baucus and John Kerry -- previously appointed to the committee , as well as six GOP fiscal conservatives from the House and Senate named by Republican leaders . It is created under the debt ceiling agreement passed into law last week .
NEW : Obama calls for a fair approach , saying everyone should weigh in to a solution . Obama , Becerra and Van Hollen are added to the 12-member bipartisan committee . The new committee will oversee $ 1.5 billion in deficit reduction steps . It is created under the debt ceiling agreement passed into law last week .