News / USA

'Supercommittee' Fails to Reach US Deficit Agreement

Co-chair of the Joint Select Committee on Deficit Reduction, Democratic Senator Patty Murray, Nov 21, 2011.
Co-chair of the Joint Select Committee on Deficit Reduction, Democratic Senator Patty Murray, Nov 21, 2011.
Cindy Saine

A special congressional "supercommittee" announced late Monday that it was unable to reach an agreement on cutting the U.S. federal deficit by $1.2 trillion during the next decade.  Our correspondent reports from Capitol Hill on the failure of Democratic and Republican lawmakers to bridge their differences.

After months of deliberations and much anticipation, there was no joint press conference on Capitol Hill.  The co-chairs of the Joint Select Committee on Deficit Reduction, Democratic Senator Patty Murray and Republican Representative Jeb Hensarling, released a written statement, saying it will not be possible to issue a bipartisan agreement before the deadline.  The statement said that despite their significant differences, the panel is united in their belief that the nation's fiscal crisis must be addressed and not left for the next generation.

Watch related report: US Deficit Reduction Committee by Michael Bowman


Before the announcement, Democratic and Republican lawmakers had begun to blame each other for the failure.

Democratic Senator John Kerry, a member of the supercommittee, said there was only one reason for not reaching an agreement, and pointed to Republicans' refusal to raise taxes on the wealthiest Americans.

"It is the insistence on extending the Bush tax cuts for the wealthy, which the vast majority of Americans do not think we should do," said Kerry.

Ideological differences have kept Democrats and Republicans from agreeing on how to rein in the country's budget deficits for much of the past year.  Democrats refuse to accept major cuts to the social welfare programs; Republicans refuse to raise taxes for the wealthiest Americans.

Republican Senator Jeff Sessions, who is not a member of the supercommittee, told Bloomberg television he had never held high hopes for the panel, which met mostly in secret, to tackle the crucial issue of the nation's debt.

"I think what Congress should do is fulfill its responsibility, to publicly, openly debate these serious issues, the most incredible issue of our time," said Sessions.

The supercommittee was created in August when the White House, the Senate and the House of Representatives were unable to resolve a dispute on raising the U.S. debt ceiling.    

You May Like

Scotland Vote Raises Questions of International Law

Experts say self-determination, as defined and protected by international law, confined narrowly to independence movements in process of de-colonization More

Whaling Summit Votes to Uphold Ban on Japan Whale Hunt

Conservationists hail ruling as a victory, but Tokyo says it will submit revised plans for a whale hunt in 2015 More

Annual Military Exercise Takes on New Meaning for Ukraine Troops

Troops from 15 nations participating in annual event, 'Rapid Trident' in western Ukraine More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Russian Economy Reeling After New Western Sanctionsi
X
September 18, 2014 2:28 AM
A new wave of Western sanctions is hitting Russia’s economy hard. State-owned energy firms continue to bleed profits and Russia’s national currency plunged to a new low this week after the U.S. and the European Union announced new sanctions to punish Russia's aggressive stance in eastern Ukraine. But as Mil Arcega reports, the sanctions could also prove costly for European and American companies.
Video

Video Russian Economy Reeling After New Western Sanctions

A new wave of Western sanctions is hitting Russia’s economy hard. State-owned energy firms continue to bleed profits and Russia’s national currency plunged to a new low this week after the U.S. and the European Union announced new sanctions to punish Russia's aggressive stance in eastern Ukraine. But as Mil Arcega reports, the sanctions could also prove costly for European and American companies.
Video

Video Belgian Researchers Discover Way to Block Cancer Metastasis

Cancer remains one of the deadliest diseases, despite many new methods to combat it. Modern medicine has treatments to prevent the growth of primary tumor cells. But most cancer deaths are caused by metastasis, the stage when primary tumor cells change and move to other parts of the body. A team of Belgian scientists says it has found a way to prevent that process. Zlatica Hoke has more.
Video

Video Mogadishu's Flood of Foreign Workers Leaves Somalis Out of Work

Unemployment and conflict has forced many young Somalians out of the country in search of a better life. But a newfound stability in the once-lawless nation has created hope — and jobs — which, some say, are too often being filled by foreigners. Abdulaziz Billow reports from Mogadishu.
Video

Video A Dinosaur Fit for Land and Water

Residents and tourists in Washington D.C. can now examine a life-size replica of an unusual dinosaur that lived almost a hundred million years ago in northern Africa. Scientists say studying the behemoth named Spinosaurus helps them better understand how some prehistoric animals adapted to life on land and in water. The Spinosaurus replica is on display at the National Geographic museum. VOA’s George Putic has more.
Video

Video Iraqi Kurdistan Church Helps Christian Children Cope find shelter in churches in the Kurdish capital, Irbil

In the past six weeks, tens of thousands of Iraqi Christians have been forced to flee their homes by Islamic State militants and find shelter in churches in the Kurdish capital, Irbil. Despite U.S. airstrikes in the region, the prospect of people returning home is still very low and concerns are starting to grow over the impact this is having on the displaced youth. Sebastian Meyer reports from Irbil on how one church is coping.
Video

Video NASA Picks Boeing, SpaceX to Carry Astronauts Into Space

The U.S. space agency, NASA, has chosen Boeing and SpaceX companies to build the next generation of spacecraft that will carry U.S. astronauts to the International Space Station by the year 2017. The deal with private industry enables NASA to end its dependence on Russia to send space crews into low Earth orbit and back. Zlatica Hoke has more.
Video

Video Future of Ukrainian Former President's Estate Uncertain

More than six months after Ukraine's former President Viktor Yanukovych fled revolution to Russia, authorities have yet to gain control of his palatial estate. Protesters occupy the grounds and opened it to tourists but they are also refusing to turn it over to the state. VOA's Daniel Schearf reports from Mezhigirya, just north of Kyiv.
Video

Video China Muslims Work to Change Perceptions After Knife Attacks

China says its has sentenced three men to death and one woman to life in prison for a deadly knife attack in March that left more than 30 dead and 140 injured. Beijing says Muslim militants from China's restive western region of Xinjiang carried out the attacks. Now, more than six months after the incident, residents in the city are still coping with the aftermath. VOA's Bill Ide has more from Kunming.


Carnage and mayhem are part of daily life in northern Nigeria, the result of a terror campaign by the Islamist group Boko Haram. Fears are growing that Nigeria’s government may not know how to counter it, and may be making things worse. More

AppleAndroid