By Associated Press
WASHINGTON - The deadline has arrived, and there's no deal. Aides to the leaders of the deficit-cutting panel in Congress say they're likely to announce today that the panel's work has ended, unsuccessfully. This was the day by which the panel was supposed to unveil any proposal it came up with.
Democrats and Republicans on the panel spent some of their time yesterday blaming each other for the impasse during appearances on Sunday interview programs.
The top Democrat on the supercommittee, Sen. Patty Murray of Washington, told CNN that the issue of "shared sacrifice" stood in the way of a deal. She said Americans who make more than a million dollars a year need to share the burden — but that Republicans haven't been "willing to cross" that "line in the sand."
But Republican Sen. Jon Kyl of Arizona told NBC that the Democrats simply want to raise taxes and pass another jobs bill — while not being enthusiastic about entitlement reform.
- TIME Magazine: Winners and Losers of the Deficit Supercommittee Deadlock
- Jay Newton-Small, Time Magazine
This segment aired on November 21, 2011.