Economy

    Poor, Jobless Worry About US Fiscal Cliffi
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    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.


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