Blame game begins over US deficit deal

Blame game begins over US deficit deal The US congressional committee responsible for striking a deficit reduction deal has failed to reach agreement ahead of Monday’s deadline, diminishing the prospects for a fresh stimulus package to help revive the world’s largest economy being passed this year.

The committee’s announced its failure in a joint statement from the Democratic and Republican co-chairs on Monday afternoon, just after US financial markets had closed for the day.

“After months of hard work and intense deliberations, we have come to the conclusion today that it will not be possible to make any bipartisan agreement available to the public before the committee’s deadline,” said Jeb Hensarling and Patty Murray, the Republican and Democratic co-chairs respectively.
http://link.ft.com/r/NA70KK/HYNTLZ/M9QF42/TULIIT/GDR6L9/XL/h?a1=2011&a2=11&a3=21