Cliff Notes: Can America Avert Another Economic Crisis?

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  • 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
  • What Is a Fiscal Cliff?
  • How Did We Get Here?
  • The Sit Down

Times a' Ticking

After Boehner failed to move his Plan B proposal through the House, Obama on Dec. 21, set a 10-day deadline for Congress to pass "a package that prevents a tax hike on middle-class Americans, protects unemployment insurance for 2 million Americans and lays the groundwork for further work on both growth and deficit reduction."

(Photo: DPA/Landov)

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