Economy

Poor, Jobless Worry About US Fiscal Cliffi
X
January 01, 2013 2:16 AM
Those at the bottom of the economic ladder have much to lose if the country faces automatic tax hikes and spending cuts -- particularly if there are cutbacks in many federal assistance programs. Congress missed its deadline to avoid the so-called fiscal cliff when the House put off any votes Monday evening, even as the president and congressional leaders said they were closing in on a deal. In Los Angeles, Mike O'Sullivan talked with people at a charitable food pantry about their fears.

Poor, Jobless Worry About US Fiscal Cliff

Published December 31, 2012

Those at the bottom of the economic ladder have much to lose if the country faces automatic tax hikes and spending cuts -- particularly if there are cutbacks in many federal assistance programs. Congress missed its deadline to avoid the so-called fiscal cliff when the House put off any votes Monday evening, even as the president and congressional leaders said they were closing in on a deal. In Los Angeles, Mike O'Sullivan talked with people at a charitable food pantry about their fears.


You May Like

Obama: Alaskans Feel Signs of Climate Change

They're seeing bigger storm surges as sea ice melts, more wildfires, erosion of glaciers, shorelines More

Katrina Brought Enduring Changes to New Orleans

The city’s recovery is the result of the people and culture the city is famous for, as well as newcomers and start-up industries More

Magical Photo Slides Show Native Americans in Late 1800s

Walter McClintock spent 20 years photographing the Blackfoot Indians and their vanishing culture at the dawn of the modern age More