U.S. "Fiscal Cliff" Might Lead to Another Recession
Wednesday, Sep. 26, 2012
As the eurozone's problems seem to be getting under control, the U.S. is edging toward a "fiscal cliff" of spending cuts and tax increases. Falling off is almost certain to send the U.S. back into recession and trigger a global economic downturn, according to Reuters. Fiscal gridlock in Washington, D.C., is back on the global economy's radar.
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