The Schwab Center for Financial Research recently reviewed the impact of the lack of agreement from the Joint Select Committee on Deficit Reduction (the "supercommittee"), including:
- The automatic spending cuts that will begin in 2013.
- What may happen to the various tax cuts expiring in 2011 and 2012.
- The bullish -- and bearish -- case for equities.
- The potential for an additional downgrade of U.S. Treasury debt.
Click here for Schwab's perspective on these issues.