VIDEO: What is the "Fiscal Cliff" and How Does It Impact You?

Nov 15, 2012

David Chavern, Executive Vice President and Chief Operating Officer of the U.S. Chamber of Commerce, explains what it means for the United States, it's citizens, and the economy to go over the "Fiscal Cliff." He urges Congress to act immediately to prevent current tax rates from expiring and across-the-board federal spending cuts from taking effect on January 1, 2013.  According to the nonpartisan Congressional Budget Office and many economists, the combination of these tax hikes and spending cuts will plunge the U.S. economy back into a recession in 2013.

Subscribe for Updates

Email:
First Name:
Last Name:
Frequency
 Daily   Weekly

Trending Now

This Infographic Shows What Atypical Jobs Pay College Grads Well and What Cities are Affordable

1,818 views

Citing Economic Benefits, Report Ranks U.S. Cities by Walkability

1,740 views

From Under Armour in Baltimore to Quicken Loans in Detroit, Businesses Lead Urban Revitalization Efforts Across the U.S.

1,607 views
The Challenge Cup: Follow the Global Tournament

Join the Discussion