Published On: Mon, Nov 21st, 2011

Debt Deal Ship sinks, Announcement on Cards

debt-deal-ship-sinks

“Super Committee”, on Sunday, accepted the apt end of the negotiations unless there is some out of the blue development. Democratic and Republican aides said that the negotiations on deficit reduction agreement are actually over and the focus is on the announcement now.

A senior Democratic source said, “No decisions or agreement has been reached concerning any announcement or how this will end. But, yes, the likely outcome is no agreement will be reached”.  Another Democratic mentioned that he wasn’t sure if the decision has been made.

Although the committee has to do the final vote on Wednesday but a blueprint of it should be available 48 hours before the dead line that needs to be forwarded for vote.

There was a big gloom over it right from the morning and it all hoping against the hope now unless there is some miracle. Washington Sen. Patty Murray, suggested said that talks and negotiations are the need of the hour and everyone should come over and above the personal and political front to seek an end of the problems. However they were all praise for the 12-member committee who did a lot to find a common ground.

Murry however lambasted the Republicans for their stand of not to raise taxes. While Democrats on the other hand are worried about the notching down of expenditure on social issues especially medicine and security. However this is mandatory as per the plan in addition to some bearing on corporate jet owners and, the government, to some extent as well.