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US pulls out of bid for 2020 Summer Olympics

Updated: August 22, 2011, 6:09 PM ET
Associated Press

This time around, the United States is saying no to the Olympics.

Locked in a dispute over millions of dollars, the U.S. Olympic Committee pulled the plug Monday on a bid for the 2020 Summer Games before the International Olympic Committee could say no to the Americans, as it has the last two times. The two sides have been at odds over a revenue-sharing agreement for years.

By not submitting a bid, the USOC assures at least a 20-year gap between Olympics on American soil for only the ...

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