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i'll be back tomorrow at the same time, but for now, jim costa is next. nice to see you in person. >> this doesn't happen very often, but nice to see you. i'm jim aacosta. let's get you up to speed on this november 21st. after months of talks the congressional supercommittee is expected to announce today it simply cannot agree on a debt reduction package. everybody is pointing fingers on what caused the mess. we'll explain that on capitol hill in about ten minutes. speaking of the supercommittee, already markets are reacting badly to fears that the debt committee won't reach a deal...

>> 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 ...

>> and ali is preparing to eat one. >> that's right. >> so they're off today. i'm carol costello along with alina cho. welcome to "american morning." first, new details in a plot to plant pipe bombs in and around new york city. 27-year-old jose pimentel, arraigned and made bail an hour ago. a muslim convert to plotted to bomb nypd pa control car, post office and returning u.s. troops and he was doing much more than just talking about it. our deb feyerick is here to tell us more and it appears this lone wolf was acting alone. >> reporter: absolutely and under surveillance about two ...

if they fail -- and that's 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 that's held up negotiations to this point, the issue of taxes. democrats increase the tax revenue increased taxes need to be part of an...