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.