As President Obama prepares for negotiations with members of Congress on the so-called fiscal cliff, business CEOs and labor leaders are already making preparations for whatever may come.
But what do the American people think?
According to polling firm Gallup, a majority of Americans — 71 percent — are following coverage of the issue very or somewhat closely. Frank Newport, editor-in-chief at Gallup, says the polling clearly shows that Americans want compromise. More specifically, Americans want both Republicans and Democrats in Washington to make sacrifices, suggesting that neither party has a mandate on the issue.
Yet, in terms of their preferences for tax hikes versus spending cuts, Newport says, “Americans still [fall] significantly on the cut spending side of the spectrum.” However, he notes that some people favor a combination of both.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.