Obama’s win clouded by looming ‘fiscal cliff’
(Photo: AFP - Getty Images)
Congratulations, President Barack Obama. Now you have just 49 days to resolve a $600 billion fiscal crisis that could push the economy back into recession.
The slow, steady improvement in the economy that helped Obama defeat Republican nominee Mitt Romney Tuesday is in peril if he can’t quickly forge agreement with a still-divided Congress on a new budget that delays steep tax increases and deep spending cuts.
Source: nbcnews.com
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Dow lost over 300 points today too…
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