The Sequester

10:36am

Sun November 11, 2012
Economy

Congress Barrels Toward Fiscal Cliff

Transcript

RACHEL MARTIN, HOST:

This is WEEKEND EDITION from NPR News. I'm Rachel Martin.

Here's a term you're going to get really tired of in the next several weeks - if you haven't already: The fiscal cliff. It's a combination of automatic spending cuts and tax increases set to hit at the start of the year. That is, if Congress and the president fail to find a way to avoid it.

NPR's Tamara Keith has this primer.

TAMARA KEITH, BYLINE: Both House Speaker John Boehner and the president made it clear, they don't want to go off the cliff.

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9:04am

Thu September 20, 2012
Planet Money

The Fiscal Cliff, In Three And A Half Graphics

Originally published on Tue November 6, 2012 9:50 am

Lam Thuy Vo / NPR

For more, see this story from NPR's Marilyn Geewax on how Congress might pass some stopgap measures to blunt the effect of the fiscal cliff.

A bunch of federal tax increases and spending cuts are scheduled to kick in around Jan. 1, 2013. This is what people are talking about when they talk about the "fiscal cliff."

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3:48pm

Fri September 14, 2012
It's All Politics

White House Details 2013 Cuts If Congress Doesn't Avert Fiscal Cliff

Originally published on Fri September 14, 2012 3:50 pm

The White House Friday released a report detailing, in part, what life would look like on the other side of the fiscal cliff, which could occur at the end of the year.

Under orders from Congress, the administration detailed exactly how it would administer painful cuts to both defense and domestic programs that were ordered under last year's budget deal.

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1:04am

Tue May 29, 2012
It's All Politics

Dire Predictions Amid Another Looming Fiscal Battle

Originally published on Tue May 29, 2012 9:27 am

There are growing warnings on Capitol Hill that the nation could be rolling toward an end-of-the-year fiscal train wreck.

"The looming tax hike will be absolutely devastating," Senate Minority Leader Mitch McConnell, R-Ky., said.

"You can call this a fiscal cliff. You can call it 'Taxmageddon' as others have done. Whatever you call it, it will be a disaster for the middle class," Sen. Orrin Hatch, R-Utah, added.

And Sen. Ben Nelson, D-Neb., said: "It's a tsunami; there's no question about it, and it's coming."

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