December 7, 2012 / 12:05 AM / 5 years ago

TAKE-A-LOOK-The 'fiscal cliff' in the United States

Unless the U.S. Congress acts first, $600 billion in tax hikes and federal
spending cuts will begin to take effect at the end of the year with a
potentially devastating impact on the economy. The Obama administration and
congressional leaders are attempting to negotiate a deal to avoid the so-called
fiscal cliff and work toward a deficit reduction package in the next session of
Congress that begins in January.> Fiscal cliff and alternative minimum tax
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below