Cliff Notes: Can America Avert Another Economic Crisis?
Capitol Hill lawmakers seem to have a thing for suspense. As with last year's battle to raise the nation's debt limit, they will not vote on a package to avert the looming fiscal cliff until the 11th hour — if they're actually able to reach a deal at all, that is. Republicans continue to oppose the tax hikes that President Obama and Democrats are demanding. As Americans wait, watch and worry about their own pocketbooks, here's the who, what and why of what's going on.— Joyce Jones