Today the so-called “super committee” failed to reach agreement on how to reduce the U.S. deficit. Here’s how the major news outlets presented the story.
President Obama said today he will veto any efforts to get rid of the automatic spending cuts that will be triggered by the supercommittee’s failure to reach a bipartisan solution to deficit reduction.
New York Times
WASHINGTON — The latest Congressional failure to agree on a plan for balancing the government’s books could yield a surprising result: a sharp reduction in annual federal deficits, larger than anything contemplated by the special panel that reached its fruitless finale on Monday.
MSNBC — from AP
WASHINGTON — Don’t look for the Pentagon to shut down one side of its famous five-sided building. Don’t expect the Education Department to pull back its grants just yet.
After more than three months of negotiations, the congressional supercommittee announced Monday that it would not be able to reach a deal to reduce the deficit by the group’s midnight deadline, citing “inability to bridge the committee’s significant differences.”
Washington (CNN) — President Barack Obama and congressional leaders traded blame Monday for the failure of the congressional “super committee” to forge a deficit reduction deal, but they also called for Congress to work out an agreement before painful automatic budget cuts take place in 2013.
A special congressional committee created to try to curb the national debt abandoned its work and conceded failure Monday, the latest setback in a long effort by Washington to overcome ideological differences and stem the rising tide of red ink.
After months of bipartisan debt-reduction talks, the Super Committee said Monday that it will be unable to agree on terms to save $1.2 trillion over 10 years by tonight’s midnight deadline.
WASHINGTON — An ill-conceived scheme to make an end run around public opposition to major spending cuts to entitlement and social programs has foundered, with leaders of both parties huddling through the weekend to come to terms on a joint explanation for the spectacular failure of the super committee.