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President Barack Obama is seen through the window of a limo as he returns to the White House for the first time since his victory on election day, in Washington, Wednesday, Nov. 7, 2012. (AP Photo/J. Scott Applewhite)
Fiscal cliff: With election over, attention turns to debt

First Published Nov 08 2012 10:51 am • Last Updated Nov 08 2012 01:18 pm

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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