The Super Committee is poised to fail after markets close on Monday — which is to say the 12 members weren’t able to agree on a package of new revenues and lower spending to reduce the deficit by at least $1.2 trillion over 10 years. That was their charge, and insofar as they didn’t do what they set out to do, they “failed.”
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=104209