Debt panel poised to admit failure
Photo credit: AP | Senate Minority Whip Sen. Jon Kyl, R-Ariz. speaks to reporters on Capitol Hill in Washington. (Nov. 19, 2011)
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House Votes to Raise Debt Limit, Cut Spending
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A special deficit-reduction supercommittee appears likely to admit failure on Monday, unable or unwilling to compromise on a mix of spending cuts and tax increases required to meet its assignment of saving taxpayers at least $1.2 trillion over the coming decade.
The panel is sputtering to a close after two months of talks in which the members were never able to get close to bridging a fundamental...
