USA

US Fiscal Cliff Negotiations and Global Implicationsi
|| 0:00:00
X
Mil Arcega
November 15, 2012
President Obama meets with congressional leaders Friday to begin discussions on how to avert an impending fiscal crisis. Experts say the crisis -- the result of congressionally-mandated spending cuts and the expiration of tax cuts at the end of the year, could plunge an already sluggish economy into recession. Both sides appear ready to compromise, but as Mil Arcega reports, agreement will not be easy and the risks extend well beyond America's shores.

US Fiscal Cliff Negotiations and Global Implications

Published November 15, 2012

President Obama meets with congressional leaders Friday to begin discussions on how to avert an impending fiscal crisis. Experts say the crisis -- the result of congressionally-mandated spending cuts and the expiration of tax cuts at the end of the year, could plunge an already sluggish economy into recession. Both sides appear ready to compromise, but as Mil Arcega reports, agreement will not be easy and the risks extend well beyond America's shores.


You May Like

Abuja Blast Impacts Lives, Livelihoods

Officials say they are looking at ways to help bombing victims and boosting security More

Cambodia Technology Adviser Criticizes Cybercrime Draft Law

Phu Leewood says current criminal code can be used to prosecute offenders and that there is no need for a separate law More

Photogallery A Year Later, Boston Remembers Deadly Marathon Bombings

City pauses to honor victims and salute emergency workers who came to their assistance in frantic moments after blasts More