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President Barack Obama makes a statement at the White House after the congressional debt supercommittee failed to reach an agreement on debt reduction on Monday, Nov. 21, 2011, in Washington.

Top Talker: Supercommittee admits defeat

11/22/11 10:02AM

Responsibility for cutting the nation's debt is now back to  Congress as the super committee officially admits failure.  Just hours before their midnight deadline, the leaders of the bipartisan panel issued a statement about the deadlock.  They said, "Despite our inability to bridge the committee's significant differences, we end this process united in our belief that the nation's fiscal crisis must be addressed and that we cannot leave it for the next generation to solve."  The breakdown of the super committee will trigger $1.2 trillion in automatic spending cuts over 10 years...inclu read more

Morning Headlines: Tuesday, Nov. 22nd

11/22/11 05:50AM

Here's a look at the stories we're following right now. What are you reading this morning?Is there a silver lining in deficit panel's failure?Poll: Gingrich leads GOP fieldAnd he seeks to prove his staying powerRomney heats up campaign in New Hampshire with an ad attacking ObamaEgyptians converge for 'million-man march' In NH, Obama to push for payroll tax cut extensionUC Davis chancellor apologizes for pepper-spray incidentMichele Bachmann stopped by Fallon last nightFrench former first lady dies at 87  read more

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