The supercommittee pulls the trigger: How do the automatic cuts work?
It's all over. The "supercommittee"--the bipartisan group of lawmakers charged with hammering out a plan to reduce the federal deficit--has admitted defeat. With the panel's Wednesday deadline looming, Democrats and Republicans say they're just too far apart on what mix of tax hikes and spending cuts would be best.
CANNES, France (AP) -- European leaders heaped pressure on Greece over its decision to hold a referendum on its latest bailout deal, calling it a vote on whether it wants to stay in the eurozone and vowing Athens would not get new rescue loans until the result was in.