Fiscal Cliff Negotiations and Business
“Downsizing the Deficit: The Fiscal Cliff and Its Impact on Business” was a breakfast discussion moderated by Al Hunt.
“Fiscal cliff” referred to the impending tax increases and sequestration budget cuts at the end of 2012 if Congress failed to reach a new budget agreement. “Sequestration,” a legal procedure in which automatic budget cuts are triggered, was agreed to in the Budget Control Act of 2011.
Republican and Democratic leaders talked about negotiations between President Obama and Congress to avoid the “fiscal cliff.” “Downsizing t… read more
Republican and Democratic leaders talked about negotiations between President Obama and Congress to avoid the “fiscal cliff.”
“Downsizing the Deficit: The Fiscal Cliff and Its Impact on Business” was a breakfast discussion moderated by Al Hunt.
“Fiscal cliff” referred to the impending tax increases and sequestration budget cuts at the end of 2012 if Congress failed to reach a new budget agreement. “Sequestration,” a legal procedure in which automatic budget cuts are triggered, was agreed to in the Budget Control Act of 2011. close
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