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December 12, 2012

Budget, Debt, and Deficits
What Is the Fiscal Cliff?

While congressional action lags, a series of year-end fiscal measures could derail the U.S. recovery.

Backgrounder by Jonathan Masters Renewing America

December 13, 2012

United States
The U.S. Fiscal Cliff: Three Things to Know

CFR’s Peter Orszag highlights the potential opportunities and limitations of a fiscal cliff deal.

Explainer Video by Peter R. Orszag

November 14, 2012

What Is the Fiscal Cliff?

Without timely action from Congress, the United States faces a drastic set of tax hikes and spending cuts at year’s end that could derail the nation’s fragile recovery and spill over into the global …

The dome of the U.S. Capitol is lit up in Washington, DC (Brian Snyder/Reuters).
Blog Post by Jonathan Masters Renewing America

August 1, 2012

What is the Fiscal Cliff?

Without timely action from Congress, the United States is set to undergo a drastic set of tax hikes and spending cuts at year's end that could derail the nation's fragile economic recovery. The budge…

Cragged bluffs rise from the sea. (Courtesy Darren Harmon).
Blog Post by Jonathan Masters Renewing America