November 23, 2011
Beyond the Supercommittee
by the Schwab Center for Financial Research
After months of negotiations, the Joint Select Committee on Deficit Reduction (the “supercommittee”) announced that it could not reach agreement, stating: “we have come to the conclusion today that it will not be possible to make any bipartisan agreement available to the public before the committee’s deadline.” The supercommittee had a deadline of November 23 to make recommendations to trim at least $1.2 trillion from the budget deficit, but the law required that the supercommittee post publicly any recommendations at least 48 hours before the deadline, or on Monday, November 21.
What’s beyond the supercommittee? For answers to this and other key questions, click below.
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