August 2, 2014

Lawmakers in Both Parties See Resolution to U.S. Fiscal Cliff

November 12, 2012
Bloomberg Businessweek

Excerpt

 

With just weeks before the year’s end, it’s very unlikely Congress will be able to agree to the type of long-term “grand bargain” that has been elusive for well over a year, said Robert Bixby, executive director of the deficit-cutting Concord Coalition in Washington. At the same time, he said, it’s unlikely both sides will allow a post-election collapse of budget policy.

“They can’t enact the detailed legislation they need on entitlement and tax reform in the next couple of weeks,” Bixby said. “The real meaning of it won’t come together until next year.”