Q&A: What next after the super-committee?
- Published
Unless an agreement can be reached, automatic spending cuts will kick in
With the failure of the Congress super-committee to agree any budget cuts, where does it leave the US government's finances?
What was the super-committee supposed to do?
Why did it fail?
What happens next?
What does it mean for US government borrowing?
What about its credit rating?
And what about the US economy?
Are markets nervous about lending to the US?
Might some kind of agreement still be reached?