Cliff Notes: Can America Avert Another Economic Crisis?

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  • What Is a Fiscal Cliff?
  • How Did We Get Here?
  • The Sit Down
  • Stalemate
  • Home Alone
  • Times a' Ticking
  • Plan Big Fail
  • How Large Would the Tax Increases Be?
  • What Does This Mean to My Wallet?
  • Will Other Taxes Rise?
  • What Kinds of Spending Cuts Will Be Made?
  • How Will Cuts Impact Entitlement Programs?
  • Are Any Programs Exempt From Automatic Cuts?
  • What Will Be the Impact on the Economy?
  • Why Won't Lawmakers Just Make a Deal?
  • What Happens If There's No Deal by Dec. 31?
  • Blame Game

The Sit Down

With just a few days left, Obama and congressional leaders planned to meet at the White House on Dec. 28 in a last-ditch effort to pull the nation away from the fiscal cliff. Each side is struggling to compromise, but is under pressure from the American public to just make a deal. Who jumps first?

(Photo: AP Photo/Carolyn Kaster, File)

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