Speaker of the House John Boehner will be a key player in efforts to avert the looming "fiscal cliff" of huge budget cuts and widespread tax increases.
(Getty Images / November 13, 2012)
Congress must address the “fiscal cliff” by the end of the year, when about $800 billion worth of tax hikes and spending cuts begin -- unless Congress stops them. They will trigger a recession, experts say, if Congress does nothing to counteract the sudden austerity. Democrats want the tax hikes but no cuts in entitlement programs. Republicans want the program cuts but no higher taxes. Will this be settled before we go over the fiscal cliff?
NEWS AND VIEWS
US Budget Deficit Widens as Fiscal Cliff Looms
Businessweek, Nov. 13
Fiscal cliff deal to drag on U.S. economy next year, ING forecasts
MarketWatch, Wall Street Journal, Nov. 13
Poll: Public concerned, blames GOP
CNN Politics, Nov. 13
We've upgraded our reader commenting system. Learn more
about the new features.
Los Angeles Times welcomes civil dialogue about our stories; you must register with the site to participate. We filter comments for language and adherence to our Terms of Service, but not for factual accuracy. By commenting, you agree to these legal terms
. Please flag inappropriate comments.
Having technical problems? Check here