What Happens If We Fall Off The 'Fiscal Cliff'?

President Obama and congressional Republicans have been trying to negotiate a deal to avert the automatic tax hikes and spending cuts known as the "fiscal cliff." But what happens Jan. 1 if no agreement is reached? Some experts say not much will happen ? at least not immediately.

Source: http://www.npr.org/2012/12/11/166931415/what-happens-if-we-fall-off-the-fiscal-cliff?ft=1&f=1014

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