Whoops

In statehouses across the U.S., a budget-cutting congressional supercommittee and the sputtering economy threaten a fledgling recovery from the worst fiscal crisis in more than 70 years.
Stalled job growth, eroding consumer confidence and a stock market that has lost more than $2 trillion since April may cut into tax collections that have yet to fully rebound from the recession. At the same time, Washington policy makers are moving to slash federal spending, a potential threat to dozens of programs -- from Medicaid and school-lunch subsidies to defense contracts and law-enforcement grants -- that nourish state budgets and local economies.Bloomberg

Then this:

“The weakening of the economy is going to have a more immediate hit, but I think the focus of the market is what the 12-person panel does over the next few months,” said Chris Mauro, a municipal-debt investment strategist for RBC Capital Markets in New York. “Investors shouldn’t think the worst is behind us.”

Do we think the Gang of Twelve can handle the pressure?