No deal in sight for supercommittee
Bipartisan deficit efforts expected to fail
The bipartisan congressional supercommittee in charge of agreeing on at least $1.2 trillion in debt reductions is hopelessly deadlocked and expected to be wound down on Monday evening, the Wall Street Journal reports. Barring an 11th-hour surprise deal between Democrats and Republicans, the U.S. will be left facing automatic, across-the-board deficit cuts, including potentially disruptive measures axing military spending, beginning in 2013.
Get the Best of Maclean’s straight to your inbox.
Sign up for news, commentary, analysis and promotions. Join 80,000+ Canadian readers.
By signing up, you agree to our terms of use and privacy policy. You may unsubscribe at any time.