[QODLink]
Americas

US approaches the fiscal cliff

Economists say if they do not pass legislation by the end of the year it could lead to a recession.
Last Modified: 28 Nov 2012 23:51

Americans are waiting, watching, and wondering what their politicians are doing right now.

Economists say if they do not pass legislation by the end of the year – taxes go up, federal spending is cut and it will lead to a recession.

So where are they in trying to figure out a solution to what is now called a fiscal cliff? Patty Culhane,

Al Jazeera's White House Correspondent, takes a look at how close they are to the edge.

79

Source:
Al Jazeera
Topics in this article
People
Organisation
Featured on Al Jazeera
More than one-quarter of Gaza's population has been displaced, causing a humanitarian crisis.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Muslim charities claim discrimination after major UK banks began closing their accounts.
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Featured
Assam officials upset that WWII-era Stillwell Road won't be used in transnational highway linking four Asian nations.
Informal health centres are treating thousands of Syrian refugees in Turkey, easing the pressure on local hospitals.
Indonesian and Malaysian authorities are keeping a close eye on local supporters of the hard-line Middle East group.
Wastewater ponds dot the landscape in US states that produce gas; environmentalists say they’re a growing threat.
China President Xi Jinping's Mongolia visit brings accords in the areas of culture, energy, mining and infrastructure.
join our mailing list