David Lawder: More ‘cliffs’ on the horizon for US
Published 31/12/2012 | 09:15
WHETHER or not the US "fiscal cliff" impasse is broken before the New Year's Eve deadline, there will be no post-cliff peace in Washington.
With the political climate toxic in Congress as the cliff's steep tax hikes and spending cuts approach, other partisan fights loom, all over the issue that has paralyzed the capital for the past two years: federal spending.
The first will come in late February when the Treasury Department runs out of borrowing authority and has to come to Congress to get the debt ceiling raised.