Supercommittee Is Expected To Call It Quits Today

Nobody's holding out any hope of a last-minute surprise agreement to cut more than a trillion in deficits over the next decade, the Associated Press reported. The special bipartisan "supercommittee" is expected to call it quits today, with nothing to show for the two months of talks. The finger-pointing continues from both sides, with Democrats saying they couldn't get Republicans to boost taxes enough for wealthy Americans, and Republicans saying Democrats weren't serious about entitlement reform. The non-decision is supposed to trigger the "doomsday option," meaning across-the-board cuts will take effect.