fiscal cliff


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fiscal cliff

n
(Economics) informal a situation in which sudden changes in government expenditure and taxation have a profound effect on a country's economy
References in periodicals archive ?
GERMANY PRESSES ON DEBTS, DEFICITS Leading world economies pressed the United States on Sunday to act decisively to avert a rush of spending cuts and tax hikes, warning that the so-called fiscal cliff is the biggest short-term threat to global growth.
Finance chiefs of the world's 20 leading economies are ringing alarm bells over the US fiscal cliff and Europe's debt woes at a meeting in Mexico this weekend as they look to push back deficit reduction targets to help boost growth.
Genesis Capital that tracks the commercial real estate markets has issued a report about the 2013 'fiscal cliff.'
"fiscal cliff" scenarios(C)2012 M2 COMMUNICATIONS http://www.m2.com
Mark Pryor, D-Ark., is bracing for a budgeting battle when Congress reconvenes to grapple with hard decisions to avoid and deconstruct the fiscal cliff confronting America.
An erosion of consumer and business confidence resulting from the impending 2013 "fiscal cliff" can adversely affect this.
By contrast, the "fiscal cliff" looming for the United States at year's end, when the Bush tax cuts are set to expire and automatic spending reductions take effect, appears as ominous as ever.
The legislative deal to avoid the looming 'fiscal cliff' has been sealed with President Obama's signature.
"Fiscal cliff" bill clears Congress The House voted 257-167 to adopt the Senate's bill to avert "fiscal cliff" tax increases for most Americans.
The uncertainty surrounding how the fiscal cliff negotiations would impact estate tax laws prompted many people who were prepared for the worst to take out superfluously large life insurance policies.
Summary: President Barack Obama and congressional Republicans face even further budget battles after a hard-fought "fiscal cliff" deal was agreed.
The owner of New Hampshire Motor Speedway will get a tax break on future capital investments at the Loudon track as part of what has been dubbed a $70 million extension of the "NASCAR tax break," which is included in the deal Congress forged around New Year's to avoid going off the so-called "fiscal cliff."