Ethan Ruby News Today : Breaking News, Live Updates & Top Stories | Vimarsana

reporter: it seems that despite the very we call it the super committee and they had super powers. this committee written in law had the power to bypass many of the procedural hurdles that slow down and hold up legislation up here on capitol hill. despite having the power these 12 committee members were not able to bridge the gap on a philosophical difference on what they believe. a big issue that s held up negotiations to this point, the issue of taxes. democrats increase the tax revenue increased taxes need to be part of any final deficit deal, any deal to reduce the deficit as part of a balanced approach as they like to say. it s no surprise republicans on the flip side are very opposed to tax increases unless it is part of a broader effort to reform the tax code that would bring down tax rates. that s really what it seems this has come down to. they were not able to bridge the divide on that issue. if they don t reach agreement we are expecting an announcement later t

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