THE TRUTH ABOUT THE FISCAL CLIFF
Mamta Badkar | May 17, 2012, 10:54 AM
Unless Congress acts, more than $600 billion in tax and spending provisions will change at the end of the year. And this will impose fiscal restraint at a time when the U.S. economy is growing very gradually.
But what is the fiscal cliff? What impact could it have on the economy? What are the most likely scenarios? And which companies most exposed to government spending stand to take a hit?
- Ben Bernanke says Euro crisis, ‘fiscal cliff’ threaten U.S. economy (calgaryherald.com)
- What the Fed fears (economist.com)
- Here’s A Calendar For Fiscal Cliff-Mageddon (businessinsider.com)
Posted on May 17, 2012, in AMERICAS, Fiscal Cliff, North America, United States and tagged Cliff, Congressional Budget Office, Economic, Economy of the United States, Fiscal Cliff, Fiscal policy, Government spending, Money Game Features, United States, United States Congress. Bookmark the permalink. Comments Off on THE TRUTH ABOUT THE FISCAL CLIFF.