A Congressional supercommittee responsible for reaching a possible deficit reduction agreement announced Monday that it has failed to cut the federal deficit by $1.2 trillion. Read more» 
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The Super Congress opens for business Thursday with a mandate to identify $1.5 trillion in spending cuts before Thanksgiving. The process is fraught with politics, because every committee member is the creature of the wider political interests that have shaped them with advice—and campaign contributions. Read more»
The most expensive fighter jet ever built, the U.S.’s F-22, has not only sat on the sidelines in Iraq, Afghanistan and Libya—the entire fleet has been grounded indefinitely since early May due to a problem that’s caused some mysterious symptoms for pilots. Read more»
In a The New York Times op-ed published Monday, Warren Buffett wrote that "[m]y friends and I have been coddled long enough by a billionaire-friendly Congress," and called for tax increases for Americans who make more than $1 million. Most of those people, he claimed, "wouldn’t mind" being told to pay more taxes. Read more» 5
The Super Congress has its work cut out: Twelve lawmakers, including Arizona's Sen. Jon Kyl, have been tapped to identify more than $1 trillion in spending cuts in an autumn marathon never before seen in Washington. Read more»
