As weary as many Americans grew of campaign commercials last month, they may be getting even more annoyed this month by endless talk of the fiscal cliff, the massive collection of tax increases and spending cuts set to take effect at year's end.
It's easy to understand the urge to stick fingers in ears and loudly chant "la-la-la-la." The budget problems are indeed complicated, and the negotiations tedious.
But resolving the mess is extremely important: Without a solution, every person who gets a paycheck or has investments will see his or her taxes rise.
President Obama and House Speaker John Boehner, R-Ohio, at the White House on Nov. 16.
Credit Toby Jorrin / AFP/Getty Images
As we've said now several times, "the White House and congressional leaders continue to talk about taxes, spending cuts and how to avoid the so-called fiscal cliff that arrives at midnight Dec. 31 — when Bush-era tax cuts are set to expire and automatic spending cuts are set to go into effect."
As NPR and others cover the story, we're pointing to interesting reports and analyses. Here are some of the latest.
Lines of communication remain open in an effort to avert the automatic tax hikes and spending cuts known as the "fiscal cliff," according to the White House and House Speaker John Boehner.
If no deal is reached between now and the end of the year, would the consequences be that drastic?
To answer that question, let's imagine it's January and the nation has gone off the "fiscal cliff." You don't really feel any different and things don't look different, either. That's because, according to former congressional budget staffer Stan Collender, the cliff isn't really a cliff.
And if past negotiations are any indication, that silence could mean the talks are going well. We're joined now by NPR's congressional reporter Tamara Keith, who has been following developments on the Hill and beyond. And as Ari just said, neither side is talking about the details, but Tamara, what are they saying?