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Over the fiscal cliff: How hard a landing?

Tuesday, December 25, 2012

WN.com - Politics News
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Over the fiscal cliff: How hard a landing?
Dec 25th 2012, 08:51

WASHINGTON (AP) — Efforts to save the nation from going over a year-end "fiscal cliff" were in disarray as lawmakers fled the Capitol for their Christmas break. "God only knows" how a deal can be reached now, House Speaker John Boehner declared. President Barack Obama, on his way out of town himself, insisted a bargain could still be struck before Dec. 31. "Call me a hopeless optimist," he said. A look at why it's so hard for Republicans and Democrats to compromise on urgent matters of taxes and spending, and what happens if they fail to meet their deadline: ___ NEW YEAR'S HEADACHE Partly by fate, partly by design, some scary fiscal forces come together at the start of 2013 unless Congress...

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