Expert: Congressional Super Committee Most Likely to Fail
Nov 20, 2011
As the clock ticks down on the statutory deadline, the congressional deficit reduction super committee most likely will fail to find compromise on the $1.2 trillion in spending cuts. This will trigger an across-the-board $1.2 trillion in cuts, but also could cause investors to flee their bonds and U.S. securities, and another credit downgrade for the U.S.
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