AFP) JEDDAH: Saudi Arabia's new super-committee
to fight corruption will give confidence to investors, protect public funds and create a new era of financial transparency, government ministers and experts said on Sunday.
According to Politico, long drawn-out skirmishes over the debt ceiling, the super-committee
and the payroll tax holiday have led to a 64 percent unfavorable rating for Republicans, with their favorable numbers sitting at 29 percent.
21, just hours before the midnight deadline for the so-called super-committee
to publicly announce a deficit-reduction plan, the cochairs of the committee issued a statement saying that they could not reach a bipartisan agreement.
With the failure of Congress' super-committee
, Americans should demand that banks and financial advisers provide the option to insure Social Security payments.
THE bipartisan US Congressional super-committee
, set up in August by President Obama after the debt ceiling debate to find a minimum of $1,200bn budget savings over 10 years to put the US government on a firmer financial footing, failed last week to reach agreement, resulting in automatic triggers to cuts in defence and domestic spending from 2013 (around $600bn each).
Those characters are in the final stages of either closing this deal or tearing it to bits - sort of a super-committee
of open-wheel racing.
The failure of the US congressional super-committee
to agree on how to proceed with a $1.
Across the Atlantic, the bi-partisan super-committee
is wrestling with reaching consensus and meeting deadlines.
A Congressional super-committee
is in the midst of trying to meet a self-imposed 23 November deadline for agreeing US$1.
In the United States the picture is stark: the fiscal year has just ended, but no formal budget has been approved (last years budget was not complete until April), the deadline for the super-committee
charged with finding $1.
The wild card in this political faceoff is the congressional super-committee
that is working on its own deficit-reduction plan.
of six Democratic and six Republican politicians must find at least EUR1trillion in deficit savings before the end of the year to avoid crippling automatic cuts.