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Lawmakers: We’re Likely to Go Over the ‘Fiscal Cliff’

Posted By admin On December 24, 2012 @ 6:33 am In Money Watch | Comments Disabled

Reuters [1]
December 24, 2012

Top U.S. lawmakers voiced rising fear on Sunday that the country would go over “the fiscal cliff” in nine days, triggering harsh spending cuts and tax hikes, and some Republicans charged that was President Barack Obama’s goal.

“It’s the first time that I feel it’s more likely that we will go over the cliff than not,” Senator Joe Lieberman, an independent from Connecticut, said on CNN’s “State of the Union.”

“If we allow that to happen it will be the most colossal consequential act of congressional irresponsibility in a long time, maybe ever in American history,” Lieberman added.

The Democratic president and Republican House of Representatives Speaker John Boehner, the two key negotiators, are not talking and are out of town for the Christmas holidays. Congress is in recess, and will have only a few days next week to act before Jan. 1. (Read more: Stop-Gap Fix the Most Likely Outcome [2])

Full article here [1]

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URLs in this post:

[1] Reuters: http://www.cnbc.com/id/100337304

[2] Stop-Gap Fix the Most Likely Outcome: http://www.cnbc.com/id/100337188

[3] Fiscal cliff deal could elude Congress: http://www.prisonplanet.com/fiscal-cliff-deal-could-elude-congress.html

[4] Obama, Boehner close gap on fiscal cliff deal, eye trillion-dollar tax hike: http://www.prisonplanet.com/obama-boehner-close-gap-on-fiscal-cliff-deal-eye-trillion-dollar-tax-hike.html

[5] Fiscal cliff talks: Speaker John Boehner pitches millionaire tax hike: http://www.prisonplanet.com/fiscal-cliff-talks-speaker-john-boehner-pitches-millionaire-tax-hike.html

[6] Paul, Lee, Rubio Vote No on ‘Fiscal Cliff’ Deal that Hikes Taxes, Puts Off Spending Cuts: http://www.prisonplanet.com/paul-lee-rubio-vote-no-on-fiscal-cliff-deal-that-hikes-taxes-puts-off-spending-cuts.html

[7] MORGAN STANLEY: The Solution To The Fiscal Cliff Will Be Another Fiscal Cliff: http://www.prisonplanet.com/morgan-stanley-the-solution-to-the-fiscal-cliff-will-be-another-fiscal-cliff.html

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