What's Next After 'Super Committee' Failure?

November 22, 2011

Uncertainty lingered Tuesday about what the continued fallout would be from the failure of the congressional "super committee" to forge a deficit reduction deal.

Monday's announcement about the committee's failure was followed by a dip in the Dow Jones Industrial average. The Dow fell 248 points Monday, with a minor recovery after being down more than 300 points earlier in the afternoon.

President Barack Obama and congressional leaders traded blame Monday for the failure and called for Congress to work out an agreement before painful automatic budget cuts take place in 2013.

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