Super committee headed for failure, aides concede
November 21st, 2011
03:25 PM ET
2 years ago

Super committee headed for failure, aides concede

Washington (CNN) - Facing harsh reaction from financial markets and a frustrated public, senators on the congressional super committee held last-minute talks Monday on what one participant billed as a "new idea" in an effort to salvage agreement on a deficit reduction deal.

Despite the impromptu meeting, the bipartisan panel tasked with finding at least $1.2 trillion in deficit cuts over the next decade will likely announce that it has failed, according to both Democratic and Republican aides.

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Filed under: Congress • Debt • Deficit • Deficit commission