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Tonight on AC360: Super committee deadline
November 18th, 2011
06:28 PM ET

Tonight on AC360: Super committee deadline

Editor's Note: The deadline for the super committee is fast-approaching. Will they reach a deal in time? Anderson Cooper is Keeping Them Honest at 8 p.m. ET. 

NEW YORK (CNNMoney) - Well, here we are again. You can count the hours to yet another deadline, and Congress remains deadlocked over debt and taxes, this time through its proxy - the bipartisan debt committee.

First there was the government shutdown threat in the spring. Then there was the threat of a U.S. default this summer during the debt ceiling debate. And, to top it all off, a downgrade.

At least this time, shutdowns and defaults really aren't a threat if the super committee fails to approve a debt-reduction plan by next Wednesday - its official deadline.

So what is the super committee trying to accomplish and what's at stake?

How much they'll cut: No one knows ... still.

Read more...


Filed under: Raw Politics
soundoff (2 Responses)
  1. Michael Lammlein

    This "super" committee has now caused our government to fail.
    I think President Obama now must step up and sign executive orders since our elected representatives have not accomplished the job we hired them to do.
    It is now time to time for EVERY American to vote out ALL incumbents and jump start OUR government with people that will bring fresh ideas and are will to work together to reshape our government.

    November 21, 2011 at 5:52 pm |
  2. Tim Gibson

    They could start by cutting their pay, knocking out excessive benefits (entitlement programs that "normal" americans do not enjoy). Otherwise they should all be fired on the spot.

    November 18, 2011 at 7:32 pm |