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Obama Calls for Extension of Payroll Tax Break

Posted November 22nd, 2011 at 2:50 pm (UTC-5)
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U.S. President Barack Obama called on Congress Tuesday to extend and increase a payroll tax cut for American workers that expires next month. The payroll tax provides money to help fund government pensions for older Americans. It was cut by two percentage points this year, putting about $1,000 more in the pocket of the typical […]

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China Blasts US for Failure to Cut Debt

Posted November 22nd, 2011 at 11:00 am (UTC-5)
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Chinese state media are attacking the U.S. government for failing to resolve what it says is the “ticking debt bomb” in the world’s largest economy. The Xinhua news agency blasted the United States Tuesday for the collapse of a U.S. congressional committee’s effort to trim the country’s budget deficit by $1.2 trillion over the next […]

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U.S. Lawmakers Fail to Reach Deficit-Reduction Plan

Posted November 22nd, 2011 at 2:05 am (UTC-5)
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The special U.S. congressional committee tasked with finding ways to trim the federal deficit by $1.2 trillion over the next decade has failed to reach an agreement. The co-chairs of the 12-member, Joint Select Committee on Deficit Reduction made the announcement in a statement Monday. Committee members said “despite our inability to bridge the committee’s […]

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Supercommittee Admits Failure to Reach Deal

Posted November 21st, 2011 at 9:20 pm (UTC-5)
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The special U.S. congressional committee tasked with finding ways to trim the federal deficit by $1.2 trillion over the next decade has failed to reach an agreement. The co-chairs of the 12-member, Joint Select Committee on Deficit Reduction made the announcement in a statement Monday. Democratic Senator Patty Murray and Republican Representative Jeb Hensarling said […]

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Supercommittee Admits Failure to Reach Debt Deal

Posted November 21st, 2011 at 7:10 pm (UTC-5)
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The special U.S. congressional committee tasked with finding ways to trim the federal deficit by $1.2 trillion over the next decade has failed to reach an agreement. The co-chairs of the 12-member, Joint Select Committee on Deficit Reduction made the announcement in a statement Monday. Democratic Senator Patty Murray and Republican Representative Jeb Hensarling said […]

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Supercommittee Admits Failure to Reach Debt Deal

Posted November 21st, 2011 at 6:05 pm (UTC-5)
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The special U.S. congressional committee tasked with finding ways to trim the federal deficit by $1.2 trillion over the next decade has failed to reach an agreement. The so-called “supercommittee” made the announcement in a statement issued Monday. The 12-member, bipartisan committee had a Monday night deadline to produce the deal. The debt reduction committee […]

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US Debt Reduction Effort Nears Failure

Posted November 21st, 2011 at 3:35 pm (UTC-5)
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The latest congressional effort to cut the U.S. government’s debt apparently has ended in failure. Leaders of a special debt reduction committee of the U.S. Congress plan to announce that they have failed in their mandate from lawmakers to trim the federal debt by $1.2 trillion over the next decade. The 12-member “supercommittee” has a […]

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US Debt Reduction Effort Nears Failure

Posted November 21st, 2011 at 11:00 am (UTC-5)
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The latest effort to cut the U.S. government’s debt apparently has ended in failure. Leaders of a special debt reduction committee of the U.S. Congress plan to announce that they failed in their mandate from lawmakers to trim the federal debt by $1.2 trillion over the next decade. The 12-member “supercommittee” has a Monday night […]

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US Debt Reduction Effort Nears Failure

Posted November 21st, 2011 at 10:35 am (UTC-5)
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The latest effort to cut the U.S. government’s debt has apparently ended in failure. Leaders of a special debt-reduction committee of the U.S. Congress planned to announce they had failed in their mandate from lawmakers to trim the federal debt by $1.2 trillion over the next decade. The 12-member “supercommittee” has a Monday night deadline […]

Tags: , , , Posted in US

Leaders of US Debt Committee Set to Announce Failure

Posted November 21st, 2011 at 2:25 am (UTC-5)
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Leaders of a special deficit reduction committee of the U.S. Congress are expected to announce Monday they have failed to reach a deal to reduce the federal deficit by $1.2 trillion. The deadline for the so-called “supercommittee” to approve a plan is Wednesday, but for that to happen a deal needs to be effectively in […]

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