No deal in sight for supercommittee - Macleans.ca

No deal in sight for supercommittee

Bipartisan deficit efforts expected to fail

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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.

The Wall Street Journal

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