3 more fiscal cliffs loom
Fiscal Cliff,Washington DC,Banking And Finance,Economy And Jobs,Economic Policy
Think the fiscal cliff caused an awful lot of uncertainty and held back the economy? How about three more cliff-like deadlines over the next three months?
That's what's in store. The bill approved by the House late Tuesday doesn't address the debt ceiling and temporarily puts off most of the automatic spending cuts otherwise scheduled to take effect Wednesday.
Here is what's still ahead:
1. Debt Ceiling: Congress has to raise the debt ceiling soon. Real soon.
On Monday, Treasury Secretary Tim Geithner made it official: Federal borrowing has reached the $16.394 trillion debt ceiling.
The Treasury Department, which runs t
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