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fiscal cliff

fiscal cliff

Federal Chairman
Getty Images, photo by Alex Wong

What is the ‘Fiscal Cliff?’

As we approach the end of the year we still have the ''Fiscal Cliff' to worry about but, what is the 'Fiscal Cliff?' I’m not an expert but here’s the way I understand it. It's a phrase coined by Federal Reserve Chairman Ben Bernanke.  Many fiscal events could happen simultaneously at the end of the year sending us over a ‘Fiscal Cliff.’

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White Cliffs of Dover
Getty Inages, photo by Oli Shareff

Fiscal Cliff Merchandise Not Selling

We are hearing a lot about the fiscal cliff and that if something is not done soon, iit could send the economy in to another recession.

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