Bloomberg: The Fiscal Cliff Will Drive the U.S. Into Recession

welfare-cliff

House Speaker John Boehner says he was “flabbergasted” when Treasury Secretary Tim Geithner pitched the White House plan to save the nation from the “fiscal cliff.”

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6 Ways The Fiscal Cliff Could Affect You


Federal Reserve chairman Ben Bernanke used the term “fiscal cliff,” it quickly became the newest Washington buzzphrase. As the deadline to avert the cliff nears, it has overtaken the European debt crisis as the most talked-about story in the financial media. The fiscal cliff refers to the enactment of a number of laws that would, if not changed before Jan. 1, 2013,

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