Super Committee Deadlocked –

The Super Committee remained deadlocked on Saturday as Republicans and Democrats could not agree on a compromise.  Budget savings of $1.2 trillion are required by midnight on Wednesday.  If an agreement is not reached by the deadline it could send stocks lower in light holiday trading.  Traders could sell and take gains or lock in losses before the end of the year.  In addition, lack of an agreement could lead to credit agencies downgrading US debt.

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James Sutliff

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