All Revved Up and Stymied
With the U.S. presidential election over, it seems as though some uncertainty might lift. But gridlock remains and, for many businesses, reason for caution still abounds, as the fiscal cliff might not be resolved this year. As a reminder, the "fiscal cliff" is the $600 billion in tax increases and spending cuts that begins January 2013. The nonpartisan Congressional Budget Office says it could send the U.S. economy into a recession if it is not resolved.
Will Congress successfully address the issue in the lame-duck session, or will it simply postpone the debate into the future? Or will the U.S. go off the cliff entirely? We just don't know for sure, though we can guess....483 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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