Obama and the fiscal cliff

Introduction
Proving that true honeymoons are for first timers only, President Barack Obama returned the morning after the night before to his office/home at the White House and was immediately confronted with some of the immediate challenges he would face the second time round. There is no bigger a challenge than what is referred to as the ‘fiscal cliff,’ a combination of tax increases and spending cuts which are scheduled to go into effect January 2013 and thereby result in a corresponding reduction in the budget deficit.

In an address three days after the elections, …..To continue reading, login or subscribe now.



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