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The process of pushing through those Bush tax cuts 12 years ago might seem like ancient history, but some say we could stand to go back in time and learn from it.
You've heard warnings about the economic disaster that could happen if Congress fails to avoid a fiscal cliff. But what is the fiscal cliff anyway? Sr. Producer Paddy Hirsch enlists the support of his friends Thelma and Louise in this three-minute explanation.
Lawmakers have left Washington for the August recess without taking action on the so-called fiscal cliff. Businesses and investors are trying to prepare as best they can, but what can the rest of us do?
The Presidential race this week can be summed up in a few words: Outsourcing, wealth, taxes, and jobs. How are American voters responding the latest week's news?
The non-partisan Congressional Budget Office released a study yesterday warning of a U.S. recession if lawmakers let the Bush-era tax cuts expire and enact a round of automatic spending cuts -- allowing for a 'fiscal cliff.'
If Congress doesn't do much this year, lets automatic cuts of $1.2 trillion kick in and the Bush tax cuts expire, that cuts $5 trillion from the deficit within a decade.