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Bookmark or Share- Transit ridership falters, posing a new ‘fiscal cliff’ | Guest ...Despite those hopes, transit ridership is going the other way, and transit system operators and advocates are using terms such as “fiscal cliff” and “death spiral” as farebox revenues decline and...
- The ‘Fiscal Cliff,’ Explained - The New York TimesWhat is the fiscal cliff? A. The term refers to more than $500 billion in tax increases and across-the-board spending cuts scheduled to take effect after Jan. 1 — for fiscal year 2013 alone —...
- The Cost of US Going Over Fiscal Cliff Is Trauma Then Unending PainThe Cost of US Going Over Fiscal Cliff Is Trauma Then Unending Pain. A 15% plunge in GDP, millions out of work and a full-blown financial crisis—the effects of a protracted standoff are ...
- Fiscal Cliff - InvestopediaThe idea behind the fiscal cliff was that if the federal government allowed these two events to proceed as planned, they would have a detrimental effect on an already shaky economy, perhaps...
- United States fiscal cliff - WikipediaThe United States fiscal cliff refers to the combined effect of several previously-enacted laws that came into effect simultaneously in January 2013, increasing taxes and decreasing spending. The Bush tax cuts of 2001 and 2003, which had been extended for two years by the 2010 Tax Relief Act , were scheduled to expire on December 31, 2012.
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