Budget Matters Blog


What Will Happen with the Fiscal Cliff?

Last week I wrote a post called Fiscal Cliff Definition, with a simple explanation of the much-hyped, so-called fiscal cliff. (I also suggested that we call it a "fiscal obstacle course" instead of a cliff, because that's a more appropriate metaphor.) The next important question is: What's going to happen?


Fiscal Cliff Definition

With all the talk in the news media about the "fiscal cliff," it seems that one important thing has been left out: A simple definition of what is the fiscal cliff. So here it is.


Where Are We Now – Budget Prospects Look Dim

With the end of the current fiscal year rapidly approaching, what many Washington watchers have long predicted appears to be true – Congress will not act on next year’s budget by the October 1 deadline.“But wait,” you’re saying, “October is a long way from now. How can you be sure?”