Could Debt Super-Committee Succeed?

Watch out, Congress. There is a new committee in town. And this one is "super." The super-committee's mission: Create a plan before Thanksgiving to cut $1.5 trillion in federal spending over the next decade. The cost of failure: Automatic $1.2 trillion in cuts to defense and discretionary spending. The likelihood of success: unknown. Bi-partisan commissions similar to the one created by the recently passed debt ceiling extension are nothing new on Capitol Hill. In fact there have been more...Full Story
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