Super committee about to fail: Is it Obama's fault?

By Robert Holmes 11/21/11 – 12:00 PM EST BOSTON (TheStreet) — A slide in US stocks, more debt downgrades and higher borrowing costs await investors if the so-called Super Committee fails to reach a bipartisan agreement on deficit cuts, says Jeffrey

WASHINGTON — Failure by Congress' debt-cutting supercommittee to recommend $1.2 trillion in savings by Wednesday is supposed to automatically trigger spending cuts in the same amount to accomplish that job. But the

A congressional "super-committee" had been charged with finding $1.2tn (£762bn) in savings to avoid automatic deep spending cuts. But the talks between Democrats and Republicans are widely reported to have collapsed, with formal confirmation expected

Stock prices are tumbling around the world as investors reacted to the apparent failure of the congressional "super committee" tasked with cutting the federal budget deficit. Two hours into the US trading day, the Dow Jones industrial average was at a

By Robert Holmes 11/21/11 – 12:00 PM EST BOSTON (TheStreet) — A slide in US stocks, more debt downgrades and higher borrowing costs await investors if the so-called Super Committee fails to reach a bipartisan agreement on deficit cuts, says Jeffrey