This week, President Obama will meet with congressional leaders to begin working out a deal to avert a budget calamity commonly known as the fiscal cliff.
Congress must pass legislation to stop or delay or phase in looming budgetary changes. That phrase "fiscal cliff" refers to a massive collection of automatic tax increases and spending cuts that kick in at year's end. If they are all allowed to take full effect, it would be like tying a $600 billion weight to the economy. Read More ~knau.org
Congress must pass legislation to stop or delay or phase in looming budgetary changes. That phrase "fiscal cliff" refers to a massive collection of automatic tax increases and spending cuts that kick in at year's end. If they are all allowed to take full effect, it would be like tying a $600 billion weight to the economy. Read More ~knau.org
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