US supercommittee officially announces failure

Note: This section contains information in English only.
Source: BBC
© Scanpix/AFP

US supercommittee, created to decrease the deficit by $1.2 trln, announced the cease of its activities as it was not possible to reach a consensus in bipartisan system. The result implies automatic reductions of the deficit starting from 2013. The US national debt has already achieved a mark of $15 trln recently. Nevertheless, the government believes it will be able to resolve the difficulties in the country.

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