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Deficit-reduction panel concedes defeat

from Government Executive

The bipartisan congressional committee tasked with finding at least $1.2 trillion in deficit reduction announced on Nov. 21 it cannot reach agreement by the Nov. 23 deadline, a stark if not unexpected admission that its efforts have ended in failure. The declaration came late Nov. 21 in a written statement from the 12-member Joint Select Committee on Deficit Reduction despite last-second discussions in closed-door meetings. more

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