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Sunday, 20 November 2011

REUTERS - Debt-reduction panel spirals toward failure, Nov 20, 2011

U.S. Senator John Kerry (D-MA), one the lawmakers on the 12-member ''super committee,'' appears on ''Meet the Press'' in Washington, in this handout photograph taken and released on November 20, 2011.  REUTERS/William B. Plowman/NBC NewsWire/Handout
"(Reuters) - After more than two months of talks, the congressional deficit-reduction committee looked set to concede failure, unable to bridge deep partisan differences over taxes and spending going into the 2012 elections.
Republican and Democratic lawmakers cast doubt on any possibility of agreement in appearances on Sunday talk shows. Without some unexpected breakthrough, aides said, the 12-member bipartisan "super committee" will admit defeat on Monday.
Some of the panel members appeared to be stepping up blame as the clock ticked toward an imminent deadline. They must vote on any deal by Wednesday but Monday is the deadline to have legislation written and presented to the entire committee."

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