Congress has reached a deal on the Fiscal Cliff. The vote came late on New Year’s Day, but there was finally agreement on how to avert the crisis. The agreement addressed the tax aspect of the cliff but postponed addressing the “Sequester” for a couple of months down the road. The deal, in large part, sets up another showdown in Washington on spending and budgeting matters in 2 month’s time.
In this episode we review the details of the deal and how it came to be. We also offer commentary on the dysfunction of Washington that caused the issue to be dragged out until the very last moment.
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