they re the group of 12 charged with cutting the deficit by at least $1.2 trillion. if they don t do it, we can end up on a rate to higher interest rates and a lower standard of living. here are the dates we need to watch. november 1st, cbo says the super committee must submit their plan for review. that is five days from now. november 23rd, that is the deadline for the final submission. and then december 23rd, the final deadline when congress must up or down vote that plan. the committee must come to an agreement, and congress has to pass it or automatic across the board cuts will be made, half of them coming from our defense budget. the problem is those cuts don t come until 2013. they are too small to prevent more downgrades. yes, thanks to congress, america s economic standing in the world is on the verge of another downgrade. economist ethan harris at bank of america merrill lynch says he expects at least one more credit downgrade this fall when the super committee cras
hit by an interest hike. let s all go outfront. i m erin burnett. outfront, count down to another downgrade of america? the super committee held a rare public hearing today. they re the group of 12 charged with cutting the deficit by at least $1.2 trillion. if they don t do it, we can end up on a rate to higher interest rates and a lower standard of living. here are the dates we need to watch. november 1st, cbo says the super committee must submit their plan for review. that is five days from now. november 23rd, that is the deadline for the final submission. and then december 23rd, the final deadline when congress must up or down vote that plan. the committee must come to an agreement, and congress has to pass it or automatic across the board cuts will be made, half of them coming from our defense budget. the problem is those cuts don t come until 2013. they are too small to prevent more downgrades. yes, thanks to congress, america s economic standing in the world is on
i m erin burnett. outfront, count down to another downgrade of america? the super committee held a rare public hearing today. they re the group of 12 charged with cutting the deficit by at least $1.2 trillion. if they don t do it, we can end up on a rate to higher interest rates and a lower standard of living. here are the dates we need to watch. november 1st, cbo says the super committee must submit their plan for review. that is five days from now. november 23rd, that is the deadline for the final submission. and then december 23rd, the final deadline when congress must up or down vote that plan. the committee must come to an agreement, and congress has to pass it or automatic across the board cuts will be made, half of them coming from our defense budget. the problem is those cuts don t come until 2013. they are too small to prevent more downgrades. yes, thanks to congress, america s economic standing in the world is on the verge of another downgrade. economist ethan har
i m erin burnett. outfront, count down to another downgrade of america? the super committee held a rare public hearing today. they re the group of 12 charged with cutting the deficit by at least $1.2 trillion. if they don t do it, we can end up on a rate to higher interest rates and a lower standard of living. here are the dates we need to watch. november 1st, cbo says the super committee must submit their plan for review. that is five days from now. november 23rd. that is the deadline for the final submission. and then december 23rd. the final deadline when congress must up or down vote that plan. the committee must come to an agreement, and congress has to pass it or automatic across the board cuts will be made, half of them coming from our defense budget. the problem is those cuts don t come until 2013. they are too small to prevent more downgrades. yes, thanks to congress, america s economic standing in the world is on the verge of another downgrade. economist ethan har
let s all go outfront. i m erin burnett. outfront, count down to another downgrade of america? the super committee held a rare public hearing today. they re the group of 12 charged with cutting the deficit by at least $1.2 trillion. if they don t do it, we can end up on a rate to higher interest rates and a lower standard of living. here are the dates we need to watch. november 1st, cbo says the super committee must submit their plan for review. that is five days from now. november 23rd. that is the deadline for the final submission. and then december 23rd. the final deadline when congress must up or down vote that plan. the committee must come to an agreement, and congress has to pass it or automatic across the board cuts will be made, half of them coming from our defense budget. the problem is those cuts don t come until 2013. they are too small to prevent more downgrades. yes, thanks to congress, america s economic standing in the world is on the verge of another downg