With the deadline only hours away, the so-called super committee, tasked with finding at least $1.2 trillion in budget savings by this summer’s debt ceiling deal, is hopelessly deadlocked. Its failure will trigger across-the-board budget cuts in defense spending and social programs that will go into effect in the start of 2013. The failure, while not entirely surprising, will also send shock waves through the legislative process, affecting nearly all of the bills Congress will consider for the rest of its session.

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