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Debt Supercommittee: No deal in the works

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The House-Senate Supercommittee is facing a Monday deadline with little chance of making a deal, lining up a series of mandatory cuts neither Republicans nor Democrats will like. The bitter pill of the mandatory cuts was supposed to be enough to force a compromise on reducing the debt and deficit and possibly raising revenues. The Supercommittee was spawned last summer as a result of the showdown over raising the debt ceiling--an undistinguished episode for the Obama administration.

To get up to speed on congressional Supercommittee deadlock:

The Daily Beast's Patricia Murphy offers great insight into why the panel flopped HERE.


Read the CNN story HERE.


Read the Bloomberg News story HERE.

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Lynn Sweet

Lynn Sweet is a columnist and the Washington Bureau Chief for the Chicago Sun-Times.

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This page contains a single entry by Lynn Sweet published on November 21, 2011 7:27 AM.

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