Blame Game Begins Over US Deficit Deal

on November 21, 2011 at 5:15 PM

The US congressional committee responsible for striking a deficit reduction deal has failed to reach agreement ahead of Monday’s deadline, diminishing the prospects for a fresh stimulus package to help revive the world’s largest economy being passed this year.

The committee’s announced its failure in a joint statement from the Democratic and Republican co-chairs on Monday afternoon, just after financial markets had closed for the day.

This story was originally published on the Financial Times. Read the rest of it here.