US Democrats Reject Latest Deficit-Cutting Plan

Thanksgiving is geting close in the US.  Think there’s going to be agreement?

CNBC,

18 November, 2011

A high-profile congressional effort to trim stubborn U.S. budget deficits appeared near collapse Friday as Democrats rejected a scaled-back proposal from Republicans that contained few tax increases.

With Democrats and Republicans on a deficit-cutting "super committee" deadlocked ahead of a Wednesday deadline, House of Representatives Speaker John Boehner, R-Ohio, floated an offer to try to break the logjam on tax increases and benefit cuts.

The plan would save $643 billion over 10 years, about half of the panel's goal of $1.2 trillion — but the two sides were unable to even agree what was in the plan.

For article GO HERE