The Debt Ceiling Debate

In late July the debate over Congress raising the debt ceiling dominated news coverage.  Of course Congress kicked the can down the road by forming the "Super Committee" consisting of six Republicans and six Democrats who were going to come together and find an agreement that would put the U.S. on firmer fiscal footing...or so we were told. The Super Committee is now running out of time for an agreement but the story is not getting the coverage it did in July as most of us just don't believe the two sides are capable of making any real progress.  Here is the latest: More