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Despite a lack of action Saturday from the principal players in the political discourse concerning the fiscal cliff, aides and other staffers behind the scenes are working on the issue.
Congress and the White House have a limited time to reach a compromise on taxes and spending to avoid going off a fiscal cliff at the end of the year. While some are not optimistic that a deal will be reached this month, Sen. Mark Warner believes it will happen.
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Approaching the fiscal cliff, lawmakers on Capitol Hill are having to face the reality of compromise to avoid the inevitable financial crisis Americans face if a combination of tax increases and budget cuts are allowed to take effect Jan. 1.
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As concern grows over the implications of reaching a "fiscal cliff," WTOP offers a breakdown of the questions surrounding the government deadline and what it means for our region.
The current stalemate in Congress over budget cuts known as the "fiscal cliff" could affect area commuters.
If Congress fails to strike a budget deal before year's end and the nation falls over the "fiscal cliff," the cost in local jobs is projected to be enormous.
"The financial house of the U.S. Government is not in order," says the author "The Price of Politics," which came out earlier this month. "There is a value in any business or enterprise or sport in running scared. No one is fearful enough."