Banks today are reeling, just a day after Standard & Poor's downgraded dozens of financial institutions all around the world — including here in the United States.
Credit ratings agencies don't seem to be phased by the super committee failure, in large part because the U.S. dollar and bond markets are still strong compared to Europe and China.
There are five days until the super committee's intended deadline to make big budget cuts for the U.S. If they fail, more ratings agencies could downgrade the country's debt.