RENEE MONTAGNE, HOST:
In Washington, Democrats and Republicans are locked in different kind of conflict over reducing the budget by at least $1.2 trillion over the next decade. The congressional supercommittee charged with making that happen met again yesterday, but it seems the group is still far from an agreement. With a deadline looming - it has to make deal by Thanksgiving - there's concern a failure by the committee could send financial markets into a spiral. Here's NPR's John Ydstie.
JOHN YDSTIE, BYLINE: Remember that the supercommittee is actually a child of the debt-ceiling debate. It was an escape hatch for Congress and the president when they couldn't reach agreement on big deficit-reduction measures back during the summer. That game of chicken helped to send the stock market sliding.
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