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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.

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Source:
Al Jazeera
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