Its been in the news all day.
The good news is that nothing is set in stone yet. The super committee still has to provide Congress with their recommendation and a literal up or down vote is provided in the House and Senate.
Given that this is essentially an election year now, a raise in taxes (IMO) hasn't a chance in Congress.That said, a conclusion (if there is one) is months away...but I wouldn't hold my breath. We're a LONG way away from ANY resolution to our debt and spending issues.
