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Sunday, May 19, 2013 | 5:11 a.m.

The 'Fiscal Cliff'

The fiscal cliff refers to a series of enacted legislation which, if unchanged, will result in tax increases, spending cuts, and a corresponding reduction in the budget deficit at the end of 2012.

The United States Capitol

Architect of the Capitol

What is the 'Fiscal Cliff'?

So just what is this "fiscal cliff" that has the financial markets rattled and economists and policymakers alike in a tizzy over the potential for sending the economy into another tailspin?

Fiscal cliff videos

 
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