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The Top 11 Market Stories of 2011

These headlines dominated financial news outlets this year

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#3: Debt Ceiling and Congressional Supercommittee Failure

Debt Ceiling and Congressional Supercommittee FailureThe aforementioned S&P downgrades can be directly linked to Washington’s political gridlock on issues such as lifting the debt ceiling and reining in debt. The failure of the congressional supercommittee to manage to curtail the rate of spending by a meager $1.2 trillion over the next 10 years highlights this massive failure on the part of our elected representatives to do their jobs.

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