Super Committee

Super Committee’s Failure Blamed for Falling Stock Prices Today

November 21, 2011

No deal was struck by the Super Committee on deficit reduction, as Republicans wouldn’t budge on their refusal to lift taxes and Democrats dug in their heels against gutting entitlement spending.  Equity prices fell in response as they had during the summer deficit battles that resulted in S&P’s downgrading of America’s credit rating to AA+.  […] More