Deficit Measures News Today

Cuts set to go into effect next m f.they cannot reach deficit measures, some lawmakers are saying it could cost tens of thousands of jobs and compromise national security. gas prices continuing their upward trend, average price jumping to $5.57 a gallon. analysts claiming an increase in oil prices. experts warning national average could sore to over $4 a gallon this year. that is because they rise during late march through early may. now back to justice with judge janine. >> at the fast his bed....

if they fail -- and thats expected -- what happens? >> 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 thats held up negotiations to this p...

>> what is in the deal, how it came about, and how all the players in the debate are reacting tonight. several asian markets will have opened and others opening soon. we will take you there live. >> it has been amazing day, don. earlier today, the senate democratic leader signed off on the deal. depending on fellow democrats. nancy pelosi said she would take the deal to her caucus tomorrow, but wanted to see the final product before committing her support. >> cnn has been devoted to th...