Tag: fiscal cliff
Listen closely and you can hear the sounds of a “fiscal cliff” deal NOT coming together. The first week of the lame-duck Congress brought multiple pledges of bipartisan cooperation from President Obama and congressional Republican and Democratic leaders. But there has been very little – if any – movement in the two sides’ positions, which, in fact, may be hardening prior to the serious negotiating sessions expected to begin after Thanksgiving.
The presidential debate is likely to get around to the looming fiscal disaster that will usher in the New Year unless Congress and the White House reach a deal to prevent an automatic tax increase on practically every American family.