Abstract
This column was published in Savannah Morning News.
If no congressional action is taken, the U.S. could witness an unprecedented combination of spending cuts and tax increases to take effect beginning in 2013, which could have devastating impacts on domestic and global economic growth prospects. The looming “fiscal cliff,” part of the Budget Control Act of 2011, involves $607 billion in the expiration of government expenditures and tax provisions, roughly 4 percent of gross domestic product...
| Original language | American English |
|---|---|
| Journal | Savannah Morning News |
| State | Published - Oct 3 2012 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
-
SDG 8 Decent Work and Economic Growth
Disciplines
- Finance and Financial Management
Keywords
- Fiscal cliff
- Global growth
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