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Cutting Spending vs Raising Taxes

  • Broadcast in Politics Conservative



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 "Over The Cliff We Go"

Jan 1st 2013-
The Senate has not yet finalized a deal to resolve these issues, but it is widely expected that it will reach an agreement by the end of Monday. Because of that, the markets may not react too negatively to the House missing the deadline by a few days. It helps that stock exchanges are closed on New Year's Day.
Still, the inability of Congress to resolve this issue on time caps off a session that was historically unproductive. The 113th Congress convenes on Jan. 3.
The United States government will miss the end-of-the-year deadline to resolve the so-called fiscal cliff, House Republicans conceded Monday afternoon.
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