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Budget: Supercommittee #1007929

CBS Evening News for Monday, Nov 21, 2011
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(Studio: Scott Pelley) The failure of the 12-member Congressional supercommittee set up to deal with the federal deficit introduced.

(Washington: Nancy Cordes) The negotiations that went nowhere because of the fight over taxes examined; details given about the creation of the committee to cut 1.2 trillion from the debt and the resulting triggering of across-the-board cuts. [Senator John KERRY - says the wealthiest should not get another tax cut.] [Budget expert Maya MacGuNEAS††- says it is a sad moment.]

(Studio: Scott Pelley) The view of President Obama on the mandatory cuts introduced. [OBAMA - promise to veto attempts to eliminate the mandates.]

(Studio: Scott Pelley) The financial fallout of the committee failure on the stock market noted.

(Studio: Anthony Mason) What happens if the payroll tax cut is not extended and unemployment benefits expire outlined and how these actions could cut our GDP discussed.

Pelley, Scott;
Cordes, Nancy;
Mason, Anthony

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