Super Committee Fails to Reach Deal

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Larry McDonald, author of ‘A Colossal Failure of Common Sense,’ discusses whether automatic spending cuts will kick in 2013. “Most likely they won’t,” he says.

Melissa Lee anchors a fast-paced discussion among four professional Wall Street traders. An hour after the bell Fast Money hosts one of the best trading discussions of the day.

Video © and provided by CNBC.

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