According to Nomura, the failure of the "supercommittee" to reach a tax/deficit deal, and...

|By:, SA News Editor

According to Nomura, the failure of the "supercommittee" to reach a tax/deficit deal, and thereby prevent automatic spending cuts, won't have much of a short-term impact, but could slash 2013 GDP "in excess of 3%." Moreover, the firm claims such a GDP hit is still "substantially less than current law would imply." (also)