Relevant:
- GOLDMAN: Portfolio Managers Assume Cliff Deal
- CBO Expects 2013 "Fiscal Cliff" Recession Because of Automatic Spending Cuts and Tax Hikes
- Wall Street ends 2012 riding high on cliff deal optimism
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- Leap off fiscal cliff is bad option, but not worst
2012-12-02 — washingtonpost.com
As the White House and Republican leaders enter the final month of negotiations to avoid a year-end "fiscal cliff," both sides struck an uncompromising tone Sunday, as warnings mounted that they will be unable to forge an agreement to stop an automatic series of deep spending cuts and large tax hikes that could push the economy into recession.
Following private meetings last week, the senior negotiators for the White House and the Republicans took to the airwaves Sunday to accuse the other side of intransigence and to demand that the opposition concede on the central question of how much to raise taxes on the wealthy.
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