Why the Supercommittee Flopped at Reaching a Deal to Cut the Budget
Members of Congress’s special debt panel are set to throw in the towel today, nowhere near a deal on tackling the nation’s deficit. Patricia Murphy on why they never stood a chance.
Just one day before the congressional supercommittee’s drop-dead deadline to come up with a plan to cut trillions of dollars from the national debt, and days after the country racked up its 15 trillionth dollar of borrowed money, panel members fanned