Budget Deadline Is Here With No Deal [VIDEO]

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.

Democrats and Republicans on the panel spent their time yesterday blaming each other for the impasse during appearances on Sunday interview programs.

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Appearing on NBC's "Meet the Press," Republican Sen. John Kyl said Democrats are insisting on raising taxes and passing a jobs bill, but balking at entitlement reform.

But Sen. Patty Murray tells CNN's "State of the Union" that the issue is one of "shared sacrifice." The panel's Democratic co-chair says the GOP is unwilling to make Americans earning over a million dollars a year pay their share.
(Copyright 2011 by The Associated Press.  All Rights Reserved.)