WASHINGTON (Reuters) – Washington’s most ambitious effort in years to come to grips with its mounting debt is set to end with a whimper on Monday as negotiators plan to announce they have failed to reach a deal.

The Republican and Democratic leaders of a 12-member congressional “super committee” are set to declare defeat in a joint statement to be released after three months of talks failed to bridge deep divides over taxes and spending.

WASHINGTON, Nov 21 (Reuters) – Washington’s most ambitious
effort in years to come to grips with its mounting debt is set
to end with a whimper on Monday as negotiators plan to announce
they have failed to reach a deal.

The Republican and Democratic leaders of a 12-member
congressional “super committee” are set to declare defeat in a
joint statement to be released after three months of talks
failed to bridge deep divides over taxes and spending.

WASHINGTON (Reuters) – A congressional “super committee” is expected to formally announce on Monday that its three-month-long effort to forge a $1.2 trillion deficit reduction plan has failed, aides told Reuters.

Barring an unforeseen development, the Republican and Democratic heads of a 12-member “super committee” will issue a joint statement conceding failure, the aides said.

WASHINGTON (Reuters) – A months-long effort to set U.S. finances on a sustainable course appeared likely to end in failure on Monday as lawmakers in Congress were unable to bridge a deep divide over taxes and benefits.

Republican and Democratic participants cast doubt on any possibility of agreement in appearances on Sunday talk shows. Without some unexpected breakthrough, aides said, a 12-member bipartisan “super committee” tasked with drawing up a deficit-cutting plan will admit defeat on Monday.

WASHINGTON (Reuters) – Members of a congressional deficit-reduction committee voiced little hope on Sunday with no sign of a breakthrough as they headed toward a widely anticipated failure this week in their bid to cut a deal to reduce the U.S. deficit.

Lawmakers on the bipartisan 12-member “super committee” said they are not giving up ahead of a looming Wednesday deadline. But they appeared to be stepping up their blame game in the event they do not reach an agreement.

WASHINGTON (Reuters) – Members of a congressional deficit-reduction committee voiced little hope on Sunday with no sign of a breakthrough as they headed toward a widely anticipated failure this week in their bid to cut a deal to reduce the U.S. deficit.

Lawmakers on the bipartisan 12-member “super committee” said they are not giving up ahead of a looming Wednesday deadline. But they appeared to be stepping up their blame game in the event they do not reach an agreement.

WASHINGTON (Reuters) – Nearly 140 millionaires asked a divided U.S. Congress on Wednesday to increase their taxes for the sake of the nation.

“Please do the right thing,” the entrepreneurs and business leaders wrote President Barack Obama and congressional leaders, noting that they benefited from a sound economy and now want others to do so. “Raise our taxes.”

WASHINGTON, Nov 16 (Reuters) – Nearly 140 millionaires
asked a divided U.S. Congress on Wednesday to increase their
taxes for the sake of the nation.

“Please do the right thing,” the entrepreneurs and business
leaders wrote President Barack Obama and congressional leaders,
noting that they benefited from a sound economy and now want
others to do so. “Raise our taxes.”

WASHINGTON (Reuters) – U.S. lawmakers might opt to postpone tough tax decisions until next year as they struggle to forge a deficit-reduction deal over the coming week, congressional aides said on Monday.

With time running short, the “super committee” of six Democrats and six Republicans could agree to some spending cuts and instruct their fellow lawmakers to raise more tax revenue by retooling the byzantine tax code next year, aides said.

WASHINGTON, Nov 14 (Reuters) – U.S. lawmakers might opt to
postpone tough tax decisions until next year as they struggle
to forge a deficit-reduction deal over the coming week,
congressional aides said on Monday.

With time running short, the “super committee” of six
Democrats and six Republicans could agree to some spending cuts
and instruct their fellow lawmakers to raise more tax revenue
by retooling the byzantine tax code next year, aides said.