Supercommittee Folds

Politico just announced that the supercommittee has ended its work without reaching a bipartisan agreement regarding the nation's debt.

In a statement released Monday shortly after U.S. financial markets closed, co-chairs Rep. Jeb Hensarling (R-Texas) and Sen. Patty Murray (D-Wash.) announced that they had "come to the conclusion today that it will not be possible to make any bipartisan agreement available to the public before the committee's deadline."

Despite their panel's failure, the two co-chairs tried to sound optimistic: " Despite our inability to bridge the committee's significant differences, we end this process united in our belief that the nation's fiscal crisis must be addressed and that we cannot leave it for the next generation to solve."