David Chavern, Executive Vice President and COO at the U.S. Chamber, talked to Fox Business Channel about how the fiscal cliff, massive tax increases and automatic spending cuts set to start on January 1, is creating massive uncertainty for businesses.

Chavern emphasizes that Washington needs to address the cliff now by extending current tax provisions to give Congress time to craft comprehensive tax and entitlement reform that tames the federal budget deficit.

Chavern explains in this video what could happen to the economy if we go over the cliff.