November 21, 2011 6:34 PM

Congress' supercommittee collapses in failure, stock markets plunge

The failure Monday of Congress' supercommittee — the bipartisan panel that was supposed to cut at least $1.2 trillion from looming federal deficits — will trigger a fresh series of partisan clashes over taxes, spending, Social Security and a host of other fiscal matters, clashes likely to be begin immediately.

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