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Fiscal cliff: With election over, attention turns to debt

Published November 8, 2012 10:56 am

This is an archived article that was published on sltrib.com in 2012, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Now that the election is over, Washington's attention is turning to the fiscal cliff, a set of policy changes which would raise taxes and cut spending automatically at the end of the year unless Congress acts.

Fiscal cliff: The election is over, now job No. 1 is solving debt woes

It's the issue that didn't get much attention during the presidential campaign, but now becomes the top priority for the nation's newly re-elected President Barack Obama — the fiscal cliff. "America is facing an urgent crisis," warned a group of high-profile investors in a letter printed on a full page ad — and addressed to candidates for president and Congress — in the New York Times one day before the election. By urgent, the investors are referring to the 55 ...

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