What are the consequences of the "fiscal cliff"?

NEW YORK, December 1, 2012 - Americans fear the looming fiscal cliff, but what are the real implications if Washington does not address it? Anthony Mason and Rebecca Jarvis ask founder and president of the Center on Budget and Policy Priorities, Robert Greenstein, what happens beginning January 1, 2013 if the tax-and-spending-cut impasse is not solved.

 

 

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