3 more fiscal cliffs loom
Posted on AllSides January 3rd, 2013
From The Left
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:...