UNITED NATIONS –  U.N. member states have failed to reach agreement on a new treaty to regulate the multibillion-dollar global arms trade.

Some diplomats and treaty supporters blamed the United States for triggering the unraveling of the month-long negotiating conference.

Hopes had been raised that agreement could be reached on a revised treaty text that closed some key loopholes by Friday’s deadline for action. But the United States announced Friday morning that it needed more time to consider the proposed treaty — and Russia and China then also asked for more time.

A bipartisan group of 51 U.S. senators on Thursday had threatened to oppose the global treaty regulating international weapons trade if it falls short in protecting the constitutional right to bear arms.

Read more at Fox News. 

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