"Super committee" near conceding failure: aides

REUTERS
Reuters US Online Report Top News

Nov 20, 2011 13:35 EST

WASHINGTON (Reuters) - Barring an unforeseen breakthrough, the congressional "super committee" is expected to concede failure on Monday in its bid to reach a deal to cut the U.S. deficit by at least $1.2 trillion, senior congressional aides said on Sunday.

The aides, one a Democrat, the other a Republican, told Reuters in separate interviews that there has been no movement on Sunday toward common ground on the issues of tax hikes and spending cuts, key elements in any deal.

They said unless there is a breakthrough soon, the 12-member committee is expected to admit defeat on Monday.

(Reporting by Thomas Ferraro and Richard Cowan; Editing by Sandra Maler)

Source: Reuters US Online Report Top News

 

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