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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
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 )
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URL to article: http://www.prisonplanet.com/lawmakers-were-likely-to-go-over-the-fiscal-cliff.html
URLs in this post:
 Reuters: http://www.cnbc.com/id/100337304
 Stop-Gap Fix the Most Likely Outcome: http://www.cnbc.com/id/100337188
 Fiscal cliff deal could elude Congress: http://www.prisonplanet.com/fiscal-cliff-deal-could-elude-congress.html
 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
 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
 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
 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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