Will we go off the “fiscal cliff”? Maybe. Maybe not. Maybe for a short time.
Consensus is that Congress and the White House will eventually come to an agreement on tax rates and spending cuts. But as the old saying goes, the devil is in the details. So is the timing.
That uncertainty has everyone wondering not only whether and when a good roadblock might be built on the cliff’s edge, but also exactly what is the fiscal cliff that’s getting so much attention.
How much do you know about this impending financial crisis? Test your knowledge of the fiscal cliff with this quiz.
Quiz: What's your 'fiscal cliff' IQ?