Lawmakers trade blame as deficit talks crumble

Video: ‘Super committee’ to announce deal failure

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   >>> no deal today as the deadline comes for the super committee to recommend $1.2 trillion in budget savings. kelly o'donnell has the very latest now. good morning, kelly .

   >> reporter: good morning, natalie. no deal and no sign they're even talking anymore and the super committee would have had to have had any agreement in writing today and that's why failure seems so eminent. now what they were unable to do is come to terms on taxes. democrats wanted higher taxes in order to make deeper cuts, republicans wanted to get rid of some tax deductions but lower rates in order to find $1.2 trillion in savings off the deficit over ten years so what happens now? well, failure means that automatic sweeping budget cuts would go into effect in 2013 , half of those aimed at the defense department , and that means there are many republicans and even secretary panetta say that this needs to change. they need to alter that between now and 2013 so the burden isn't so hard on defense. congress has really fallen short here. they also have to deal with other things like an extension of the payroll tax cut or an extension of unemployment benefits before the end of the year. natalie?

   >> kelly o'donnell, a lot to get done there on capitol

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