This is a story from The Washington Post called "Supercommittee unlikely to reach an agreement," by Montgomery and Helderman. A very brief excerpt reads:
If the congressional “supercommittee” cannot agree on a plan to tame the federal debt by next week’s deadline, as now appears likely, here’s what will happen: nothing.
The automatic spending cuts that were supposed to force the panel to deliver more palatable options would not take effect until January 2013. That leaves lawmakers a full year to devise alternatives.
Read the entire article, here.
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